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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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[–] hendrik@palaver.p3x.de 4 points 2 days ago* (last edited 2 days ago)

Venture capitalist says something...

I mean sure? You think it's sustainable to blow a crazy pile of money for 20 years? I don't think so. And investors tend to want their money back eventually. And usually they're not 20-years patient with that, if it's a trillions dollar hype. I'd say it either delivers in the next 5-10 years or they'll run out of that kind of money.