IMHO there is a key difference: banks need healthy balance sheets to keep lending, without which the economy grinds to a halt. Google, Microsoft and Nvidia can all loose $500B each and we'll still be able to use the internet and office tools. Am I right?

Maybe send a letter to the president of the DANA foundation? Or mention her on whatever social network she uses. She is probably on LinkedIn.

Thank you for saving me the trouble of testing them myself!

My hot take: Yes, its a bubble. But the dot-com and housing crashes showed its easy to spot a bubble; the hard part is knowing when it will burst. (Someone smarter than me first said that... who was it?)

"Bubbles hinge less on a technology’s long-term impact and more on whether adoption and capital cycles align. The internet was revolutionary, but that did not prevent the dot-com collapse. AI may well reshape global industries, but its financial foundations could still falter."

Sorry to hear that happened! But you’re right academic culture can be pretty brutal, or at least it was when I was in it. I was wondering if academia had gotten any more gentle, because millennials are so sensitive. On the job a lot of them can’t take being wrong. Gen Z seems a bit better

"Technologies like LLMs have utility, but the absurd way they've been over-hyped, the fact they're being forced on everyone, and the insistence on ignoring the many valid critiques about them make it very difficult to focus on legitimate uses where they might add value."

You have to wonder if OpenAI employees were actually so drunk on their own kool-aid that they believed this, or if it was deliberate click bait to lure the ignorant. 🤔

Another fun fact is over capacity at AI conference: NeurIPS forced reviewers to reject hundreds of papers they had wanted to accept!

And "AGI" is being rebranded to "Super Intelligence", an apparent nod to the fact that its not going to be very general any time soon.

One thing that struck me is the weakness of supposed progress in reasoning models - it may be due to overfitting the models to small benchmarks, as it has been observed how adding irrelevant facts to reasoning problems can drive it off the rails.

Is there an organization you would recommend for foreigners to make donations to help?

Glad you’re okay!

and I'm like "why am I paying for this when the free version is enough?" I guess I can keep this up until enshitification sets in and they start showing ads! 😂 What does your GenAI subscriber behavior look like?

"AI seems to have reached its iPhone 4 moment", meaning noticeable slowdown in improvements (for those of you old enough to remember the iPhone 4 ;-)

".this sort of feeling of disappointment is due to unreasonable levels of hype." The culprits? Usual suspects: Altman, Musk, Amodei (Anthropic)

3. Neusosymbolic AI - combine statistical approaches with abstract reasoning logic, like humans do

Billions have already been wasted! But will investors learn and stop throwing good money after bad?

Marcus recommends three new approaches to invest in, all based on scientific evidence from human cognition:

1. AI that builds World models a relationship between concepts the way humans do

2. Building in basic concepts like time, space and causality, like human infants have