the writer Nina Illingworth, whose work has been a constant source of inspiration, posted this excellent analysis of the reality of the AI bubble on Mastodon (featuring a shout-out to the recent articles on the subject from Amy Castor and @dgerard@awful.systems):

Naw, I figured it out; they absolutely don’t care if AI doesn’t work.

They really don’t. They’re pot-committed; these dudes aren’t tech pioneers, they’re money muppets playing the bubble game. They are invested in increasing the valuation of their investments and cashing out, it’s literally a massive scam. Reading a bunch of stuff by Amy Castor and David Gerard finally got me there in terms of understanding it’s not real and they don’t care. From there it was pretty easy to apply a historical analysis of the last 10 bubbles, who profited, at which point in the cycle, and where the real money was made.

The plan is more or less to foist AI on establishment actors who don’t know their ass from their elbow, causing investment valuations to soar, and then cash the fuck out before anyone really realizes it’s total gibberish and unlikely to get better at the rate and speed they were promised.

Particularly in the media, it’s all about adoption and cashing out, not actually replacing media. Nobody making decisions and investments here, particularly wants an informed populace, after all.

the linked mastodon thread also has a very interesting post from an AI skeptic who used to work at Microsoft and seems to have gotten laid off for their skepticism

  • swlabr ( swlabr@awful.systems ) 
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    3 years ago

    100% on point. More people must remember that everything we know about large companies’ operations is still completely valid. Leadership doesn’t understand any of the technologies at play, even at a high level- they don’t think in terms of black boxes; they think in black, amorphous miasmas of supposed function or vibes, for short. They are concerned with a few metrics going up or down every quarter. As long as the number goes up, they get paid, the dopamine hits, and everyone stays happy.

    The AI miasma (mAIasma? miasmAI?) in particular is near perfect. Other technologies only held a finite amount of potential to be hyped, meaning execs had to keep looking for their next stock price bump. AI is infinitely hypeable since you can promise anything with it, and people will believe you thanks to the smoke and mirrors it procedurally pumps out today.

    I have friends who have worked in plenty of large corporations and have experience/understanding of the worthlessness of executive leadership, but they don’t connect that to AI investment and thus don’t see the grift. It’s sometimes exasperating.

  • Steve ( fasterandworse@awful.systems ) 
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    3 years ago

    I’ve got this absolutely massive draft document where I’ve tried to articulate what this person explains in a few sentences. The gradual removal of immediate purpose from products has become deliberate. This combination of conceptual solutions to conceptual problems gives the business a free pass from any kind of distinct accountability. It is a product that has potential to have potential. AI seems to achieve this better than anything ever before. Crypto is good at it but it stumbles at the cash-out point so it has to keep cycling through suckers. AI can just keep chugging along on being “powerful” for everything and nothing in particular, and keep becoming more powerful, without any clear benchmark of progress.

    Edit: just uploaded this clip of Ralph Nader in 1971 talking about the frustration of being told of benefits that you can’t really grasp https://youtu.be/CimXZJLW_KI

  • what i’m trying to understand is the bridge between the quite damning works like Artificial Intelligence: A Modern Myth by John Kelly, R. Scha elsewhere, G. Ryle at advent of the Cognitive Revolution, deriving many of the same points as L. Wittgenstein, and then there’s PMS Hacker, a daunting read, indeed, that bridge between these counter-“a.i.” authors, and the easy think substance that seems to re-emerge every other decade? how is it that there are so many resolutely powerful indictments, and they are all being lost to what seems like a digital dark age? is it that the kool-aid is too good, that the sauce is too powerful, that the propaganda is too well funded? or is this all merely par for the course in the development of a planet that becomes conscious of all its “hyperobjects”?

    • bitofhope ( bitofhope@awful.systems ) 
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      3 years ago

      I don’t claim to know any better than you, but my intuition says it’s the funding, combined with the fact that even understanding what the claims are takes a fair bit of technical sophistication, let alone understanding why they’re bullshit. The ever soaring levels of inequality — constant record highs in a couple generations at least — make it hard to realize just how much power the technocrats hold over the public perception and it can take a full lecture to explain even an educated and intelligent person how exactly the sentences the computer man utters are a crock of shit.

      And more cynically, for some people it’s the old saw about not understanding things when your paycheck depends on it.

      It’s a self-repairing problem, since you can’t fool most people forever, but the sooner the less people still buy into it, the better.