Law seems rife for disruption. The fact criminal cases can take years to come to trail (huge shortage of criminal lawyers), incredible costs, how long it takes to qualify .. It's the kind of work a large language model should be able to do extremely well..I am not very imaginative. Personally, I find the entertainment industry puts out a lousy product. Terrible. No imagination at all. I could see how this develops into television scripts are all written by artificial intelligence. Then humans are used just to tweak it a little bit. I could see where most writers lose their jobs and only a few are necessary to tweak full scripts. Similarly same for advertising. Very little advertising is creative. I can see an identical scenario in that field. I am told that artificial intelligence is very good for computer programming. That is not too complicated. so lower level programmers are at risk as well. I have not spent a lot of time thinking about all of the jobs that this would destroy but those are at least a few. Lawyers too. How many law firms does it take to make basic contracts? I would think that , those jobs are at risk also.The trash boom lasted for years. We're only just beginning. With all this fomo money, the "next nvidia," the "next openai," is all just looking for some spac money to immolate so the smells of incinerated capital can please the markets.For background, I was a very young and inexperienced investor during the dot.com era. I made a ton of money and promptly watched it fade away in short order.
Of course, I learned a few things from the experience.
Over the past month or so, I've been engaged in home projects with the financial media channels playing in the background.....every day or so, someone on these channels, proclaims AI as the dawning of a new era, a change to overcome all previous changes with untold riches lying just ahead.
I remember hearing this....in the late 90s up to 2000 +, so I feel like I've seen this movie before.
More recently, in the first year of the pandemic, even some posters here were proclaiming things were "different this time" and some pulled all their investments out of equities. We see now how all of that worked out.
So, my question is this - is it ever really "different this time"?
Can AI bring anything more - from a financial perspective - than the internet did when it was in its growth era?
Here's what I don't understand:
Why are utilities so beat down? Those chips don't power themselves. They need 24-7 power. Renewable isn't going to hack it.
As much as I throw up in my mouth looking at the AI hype, I have to remind myself it could be years until this fades. Perhaps inflation will reignite, the fed will take the gloves off and actually be willing to lop off an economic limb to stop the poison.
This too shall pass.
The problem with the entertainment industry is the industry. I don't think there's a shortage of creative people – but people given free rein by studios are much rarer. Otherwise great scripts will go through dozens of stages of revision by execs, with the sole aim being profits. AI will make profitable, uncreative scripts that studios want to churn out easier than ever. And because it'll still cost a lot to produce anything, studios will have even more control.
But we're not far from things like GPT being used to generate entire movies (no actors or locations necessary). And that, I think, will democratise creativity, like the multimedia equivalent of the beat generation.
Statistics: Posted by Logan Roy — Wed Mar 06, 2024 6:22 pm — Replies 152 — Views 13183