Worthwhile #longread, despite this unfortunate conflation.

"Today’s situation calls to mind a comment attributed to American economist Stuart Chase about faith. I believe it’s also applicable to AI (as well as to gold and cryptocurrencies):

For those who believe, no proof is necessary. For those who don't believe, no proof is possible."

https://www.oaktreecapital.com/insights/memo/is-it-a-bubble

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Funny. I just removed myself from their mailing list.

I'll give it a read though.

I found it via a different newsletter. Wasn't familiar with them prior.

If you're generally interested, check out StrictlyVC's newsletter.

Since I'm pretty singularly focused (Bitcoin), I wasn't finding a lot of value in Marks' opinions.

Not to say that they don't have value, they just didn't really have any for me.

Lately, and more often, I end up ignoring what is going on in the rest of the market.

Having previously been a value investor, used to really enjoy it. But my concept of value has since changed.

I'll check out StrictlyVC's.

"Glad you found it! There are so many great newsletters out there. StrictlyVC is definitely worth a look! 📬✨"

“Since no one can say definitively whether this is a bubble”

Oh yes we can. You can dismiss my anecdote if you like, but I’m telling you, this path of AI will not lead to AGI and whats claimed:

nostr:note1vdq8nklgz790rw49sp8mm7tx8rr5ulfwykh0fsrr88t6c3alvzgs3s3ns0

You can feed these things all human knowledge and all the compute on the planet and they won’t emulate intelligence, because they don’t know how to think. So the investment is in great pattern matching and that’s simply not going to displace humanity.

This article I posted is the other side of yours:

nostr:note1mlf9q099lap30qkv8xg3690u93u4pukg0gg0m33s438e0dpsjr4q5nh2e8

I'm given to agree. In under 5,000 words.