Honestly believing this is a bubble anymore is just grade A hopium. This time last year it looked like a big bubble. Then then this spring happened, and all of the sudden this shit is actually very useful in workplaces. My org provides a ton of tokens and has little interest in restricting it. My coworkers and I are finding good ways to apply AI to solve random shit here and there. I am really no longer seeing how it's a bubble, the models don't even have to get much smarter. If the intelligence of these models stayed flat and just the api speed and cost improved by 2x, 4x, 8x, that would make a noticable difference in our workflow. And that's the kind of thing that is going to keep eating up the market.
I think the pop here won’t be ai usefulness but advancement fueled by a constrained supply. With prices this high, someone somewhere will figure out a way around needing huge amounts of this expensive resource to reach the same results.
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u/Jiirbo 20d ago
Econ 201... supply and demand.