What if Al is a front for mass surveillance?
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Original title: "The AI Bubble Was Never Real... You Were Just Lied To".
Tl;dw. Why companies are willing to pay billions of dollars on something that, as for the foreseeable future, doesn't seem profitable? The same reason Google keeps Youtube around: the data is far too valuable.
Moon proposes the hypothesis that the real push for AI's real purpose is social engineering
There's some truth in all the data being valuable but the bigger driver is less interesting. Companies have FOMO. They saw what happened to companies that didn't adopt the Internet early, didn't adopt streaming early, thought social media was a fad, thought cloud wouldn't take off. And the hype around AI is bigger than any of those were at the onset.
They're willing to burn money now because they all want to be near the top when the money starts drying up and the bottom 95% of the field start die off or are ripe for acquisition. They think if they just spend harder, when everything settles, they'll be Amazon instead of pets.com.
And it's where the VC money is right now. AI is the new "blockchain." Slap the word "AI" on your product and get money from people with more money than sense because at least some of these AI companies will make it huge, right?