FOMO with the latest technologies.
I am an average software developer in India from Tier 2 city with average income. Every day I watch a new piece of interesting tech being launched with half of my salary price tag. Today I was watching these Brilliant AI glasses and wanted to see if I can even afford that or not. I don't know what kind of rant I am writing but I am really frustrated of watching things being launched that I cannot purchase. Hell I cannot even purchase a Chat GPT subscription although I earn around 60-70k (I come from a really poor family so 60-70% of my income goes to loans etc)
constA
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constA
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Microsoft
AI is a Trillion Dollar time bomb [CNBC]
Here's a summary from Perplexity of the key points from the best video on AI that I have seen recently: Excessive Spending: Major tech companies like Meta, Google, and Amazon have significantly increased their capital expenditure (capex) to build AI infrastructure and stay competitive in the rapidly evolving AI landscape. Low Returns: Despite the enormous investments, the returns on these AI investments are not yet matching the level of spending, creating a potentially unsustainable situation. Microsoft's Investments: The video specifically mentions Microsoft's substantial investments in AI, including a $13 billion investment in OpenAI. Contrasting Partnerships: An interesting point raised is that while Microsoft invested heavily in OpenAI, Apple reportedly secured a partnership with the same company for free just 18 months later, suggesting potential inefficiencies in how companies are approaching AI partnerships and investments. Industry-wide Concern: The video suggests that this pattern of high spending and low returns is not limited to a few companies but is a broader trend in the AI industry. Future Implications: The "time bomb" metaphor implies that if this trend continues, it could lead to significant financial challenges for companies heavily invested in AI development.
There’s a time bomb ticking in the AI space: spending is too high, and returns are too low. Megacaps like Meta, Google and Amazon have seen ...
https://www.youtube.com/watch?v=dx-tMK7w5g8