- cross-posted to:
- hackernews
- cross-posted to:
- hackernews
Here we go… It took them some time but ads is going to be inside chat gpt as well. And impossible to block.
Here we go… It took them some time but ads is going to be inside chat gpt as well. And impossible to block.
The fact that they’re pivoting to full enshittification is the strongest signal yet that the AI bubble is collapsing. There won’t be an AI-driven mass-unemployment revolution this time around. OpenAI has given up on trying to build that.
Anyone else concerned that the AI bubble is actually an everything bubble, and more or less represents the devaluation of the US dollar? We have a lot of debt, we can’t necessarily keep raising interest rates to slow down spending (as that would make the debt’s impact far greater), and so they’re printing money onto the deficit. Meanwhile, you have the White House eye balling cryptocurrency, letting banks hold it alongside gold, … what does all of this mean?
https://www.theblock.co/amp/post/333107/jpmorgan-debasement-trade-bitcoin-gold
https://phemex.com/news/article/putin-adviser-accuses-us-of-using-stablecoins-and-gold-to-devalue-debt-17951
https://matrixmag.com/chinas-gold-corridor-a-structural-shift-in-the-global-financial-order/
As people living outside the US know, these bubbles (like 2008) don’t lead to a crisis of their sector, but of the US economy at large which in turn, very unfortunately, affects everything else. Wall Street is held up by the Nvidia/OpenAI/Oracle holy trinity, and once that crashes it’s not only taking LLMs and GPUs with it
Capitalism, especially late stage, requires to keep “creating value” and more “territory” (money) to grow into. Printing dollars and using cryptocurrencies as collateral is just doing that.
Only works until you find yourself in the same debt spiral that royally fucked Rome, Spain, and plenty of others.
Printing money causes inflation, debasing the currency. You have to raise interest rates to slow down borrowing. But now, we can’t raise interest rates because the debt is too massive… raising would cause mass defaults. Not raising means the bubbles keep growing and the value of the currency collapsing.
You could run a tight budget, but that’ll never happen. The left will win on taxing the rich for social programs, but taxing the rich won’t be enough == more printing. The right will win on tax cuts for the rich, which == more printing. Anyone outside this paradigm won’t get public support.
You could purposefully debase the currency as well. Transfer wealth into other assets and then legislatively increase the value of those assets before finally tethering USD to those. Like with stablecoin or gold, maybe both.
You could do what Japan did and let inflation run its course. That’s also political suicide.
It doesn’t mean anything. You’re just rules by greedy idiots.
Everything means something because meaning is created, not discovered. They can be greedy, idiots, and still know how to come out on top of a failing empire.
I really think there’s a lot more to this than meets the eye. There being winners implies there being losers also. If the ultra wealthy can come out on top, it leaves the rest of the US with a debased currency on bottom.
Is gold up 2x since 2 years ago, or is the US Dollar loosing its purchase power at a rate not seen since 1970s (Nixon took USD off gold) and 2008-11 (global housing crisis)?
Suddenly, Elons stock-performance based bonus benchmarked at $1T makes some sense…
I dont know about that. I think the fear right now is that these companies wont get enough revenue to justify their enormous evaluations. By putting ads in the product, they increase revenue but also increase Enshittification.
I wont be using chat gpt if it becomes annoying. But many will, everyone today who is used to constant ads will.
So im thinking this will work against the bubble popping. But I could be wrong.
Its not really the ads that are the signal so much as the fact that they are slapping ads onto it BEFORE it has developed enough to actually be a useful product. They have direct competition that is not ad supported and they just “aren’t there yet” in terms of making a product that everyone feels like they need to engage with regardless of ads. Slapping ads on something before its actually demonstrated the ability to succeed as a product is just rolling the dice to see if it makes money magically appear. Its desperation.
Yeah we will see. Certainly looks at least like the Ai race has paused for the last month.
If the service was truly viable they wouldn’t need to be supporting it in that way so early. Ads might delay the bubble popping but it’s not a good sign IMO. Selling ads is going to be a lot more difficult than getting millions or billions of dollars from investors.
Yes exactly. What they really want to offer is an AI employee replacement service. If they could replace one of your employees who makes $40k/year then they could easily charge $30k/year for the service and you (the business owner and AI customer) could add $10k to your profits.
The fact is that they can’t do that. They can’t even make money charging thousands of dollars a year for basic LLM service that people use to write emails and the like.
wouldn’t it stand to reason, many current users are engaged because chatGPT produces faster shitty search results without ads? compared to the alternative shitty slower search results with ads?
I use Perplexity for most of my searches. Not because of ads (I have robust adblocking to the point that I’m genuinely gobsmacked whenever I’m in a situation where I can’t browse any other way, like on someone else’s machine), but because of third-party SEO and first-party paid-for search results. Perplexity is far from flawless, but unlike google, Bing, etc. and the engines which rely on them (DuckDuckGo is Bing, for example), it’s actually designed to return you the answer to your question.
We can discuss the exact meaning of “ads” and whether the paid-for search results count. I’d say they’re similar but with subtle differences. And it’s not what’s being suggested for ChatGPT here, although for over a year now I’ve been suggesting that the AI-equivalent of SEO & paid-for search results is where we’re headed.