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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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We're in an AI 'super cycle,' top investor says — and it could last 20 years (www.cnbc.com)

submitted 2 days ago by throws_lemy@lemmy.nz to c/fuck_ai@lemmy.world

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Artificial intelligence is in the early part of a “super cycle” that could last 20 years, according to a top investor.

Raj Ganguly, co-founder and co-CEO of venture capital firm B Capital, told CNBC’s “Beyond the Valley” podcast released Friday that AI is going to have a huge, global impact in the coming years.

“We’re in the very early stages, the third or fourth year of this AI super cycle. And it’s probably a 20-year super cycle. Maybe it’s a 15-year super cycle, but it is going to change the world,” Ganguly said.

fck VCs, AI is only to feed their own greed

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[–] NaibofTabr@infosec.pub 43 points 2 days ago (1 children)

HA hA Ha!

Everybody has to play along with our delusions, or the market crashes because we're ridiculously over leveraged!

Muah ha hah! Mine is an evil laugh!

[–] reactionality@lemmy.sdf.org 6 points 2 days ago

It's a little less ridiculous when you realise these are all market manipulation ploys to keep the stocks afloat, until these ghouls cash out on their investments.