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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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[–] kerrigan778@lemmy.blahaj.zone 10 points 23 hours ago* (last edited 22 hours ago)

Lol, man who's fortune is literally based on the AI bubble continuing to grow says he believes the AI bubble will continue to grow and wants other investors to believe it has enormous sustainable growth potential. Amazing journalism. This asshole isn't an AI scientist or even an executive. He's literally just a top investor.

Tldr: This asshats job is literally to convince people that AI is a good investment. Interviewing him on if he thinks AI is a good investment is financial journalism malpractice.