I just watched this video and it got me thinking about the future of tech. One of the key things they point out is how many of the AI prognosticators are now so walking so much of it back. Companies are hiring back some of those laid off. The drive to push everyone into using AI for everything is hitting up against costs, as tokens are no longer free, or subsidized. Anyway, check it out! It’s only about 10 minutes long.
I’ve written about AI before, and about how the current costs are not the true costs. That much of the operational costs of AI have been underwritten by investors. And that’s not tenable. I’ve been seeing more and more articles about these costs being passed long to users. I’m seeing companies burn through yearly token budgets in the first quarter of the year. I’m seeing companies pull back on the requirement to use AI. Yeah, the hype seems to be waning.
So, are you seeing the same signs? Let me know what you’re seeing.
I think business here is only just getting interested in AI and an increase in cost at a time when results look variable won’t help adoption one bit.
Overall, the timing looks bad for backing away from encouraging experimentation and adoption.
AI businesses are currently trying to get Australia to fast track data centres and lock in favourable terms, including electricity.