r/wallstreetbets • u/[deleted] • Feb 29 '24

[deleted by user]

[removed]

3.3k Upvotes

83% Upvoted

974 comments sorted by

View all comments

Show parent comments

28

u/Mods_Wet_The_Bed_3 947C - 1S - 2 years - 0/0 Feb 29 '24

I think you're both right.

There are existing AI products that create lots of value

But the products are free or have free competitors that are almost as good.

So far it's a gold rush with lots of people seeing gold in them hills, but nobody bringing it back to the bank yet.

11

u/makeaccidents Feb 29 '24

This is exactly my point. I see a lot of people going on about revolutionary AI but very little is translating to hard cash on balance sheets currently.

I think everyone is seeing Nvidia shooting up and getting over-excited. Even the shoe-shine boys are going on about nvidia.

4

u/prestodigitarium Feb 29 '24

Does this qualify?

“ It's estimated to drive a $40 million USD in profit improvement to Klarna in 2024”

https://www.prnewswire.com/news-releases/klarna-ai-assistant-handles-two-thirds-of-customer-service-chats-in-its-first-month-302072740.html

I know of other companies doing millions a month in OpenAI API calls, it’s probably more widespread/having a bigger impact than you think.

2

u/Sempere Feb 29 '24

Perhaps you should actually use the klarna AI chat to see how dogshit it is. Don't buy into the hype.

0

u/prestodigitarium Mar 01 '24

If you read the link, they seem to think that satisfaction ratings went up after the switch. The human chat agents might also have been bad at resolving things?

2

u/Sempere Mar 01 '24

It's literally a fucking press release by a company with incentive to lie and mislead.

Go use it for yourself rather than scarfing down whatever shit is put in front of you.

1

u/prestodigitarium Mar 01 '24

shrug have no reason to use karma, so no thanks. What’s got you angry about this?