Macro Voices MacroVoices #446 Matt Barrie: AI’ll Be Back!
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Sep 19, 2024 In this engaging discussion, Matt Barrie, the founder of Freelancer.com and an AI expert, delves into the current AI landscape and its future impact. He shares insights on the recent tech boom resembling the dot-com bubble and the economic realities of investing in AI. The risks of AI-driven scams are examined, alongside the transformative implications of AI in warfare. Barrie also highlights how businesses can tap into freelance talent to enhance their AI projects, making innovation more accessible than ever.
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AI Development Lull
- AI’s recent progress comes from scaling models with more data and computing power.
- This scaling has economic limits, causing a current lull in development.
AI Business Model Problem
- OpenAI’s lack of competitive advantage is a bigger problem than NVIDIA’s.
- Foundational AI models struggle with sustainable business models and IP.
AI Investment Opportunities
- Real money in AI will be in industry-specific applications, not foundational models.
- Foundational model valuations are inflated and unsustainable.