The AI Bubble Will Be Bigger Than the Dot-Com Bubble -Stable Diffusion Creator Emad Mostaque

you said that you know dot AI bubble is bigger than ever and it will be the biggest show yeah end quote which I actually took and tweeted by the way I thought if you saw it after this guy checked my tweet um what did you yeah exactly what did you mean by like the biggest bubble ever and the biggest show oh I mean like the.com bubble we've seen all these bubbles happen you know you had hundreds of billions into web 3 and then developers got paid Millions already the uh there's certain Chinese companies paying 1.2 million salaries for phds uh it's already getting a bit insane they're in remembrance of that the amount of money relative to the amount of opportunity within the sector is just completely misaligned like my Tam analysis is that a thousand companies has been 10 million in the next year 100 companies spend a hundred and ten companies spend a billion like PWC just announcing they'll spend a billion over the next three years and that's a accountancy firm you know where's that going to go they don't know nobody knows and so multiple of that will be allocated to this as the only growth theme in the entire Market against a backdrop of rising rates real estate crashing Etc so the amount of capacity versus the amount and whale and Wall of money into something that's growing faster than anything we've ever seen is completely mismatched and what will that cause like already you're seeing GitHub Stars leading 200 million dollar funding rounds with zero attraction and zero business model like severely we actually have a business model it's a good business model because I designed it um but other things like money will go everywhere and any expertise will get better for this space because it means that projects will get funded that maybe wouldn't have done but are exploratory generally and over I think it starts good for the space but then it gets bad for the space because you see the raccoons and shyster start to come in here you start to see like malformed things where there's a race Dynamic where everyone's trying to build their own models and doing all sorts of massive economic waste and you see a distraction from what we need to do now which is this chaos so we need to standardize some things we need to feed these models better data and other stuff and that's why we're moving so hard at stability there should be no more web script data in here there should be National data sets they're good quality to feed these free-range organic models and National and proprietary models and others as that's why when the reasons I signed that athletic I think there's a six month pause to get all of our together before things go completely insane and next year this is everywhere and everyone's investing in everything and it's just absolute chaos

Channel: 20VC with Harry Stebbings

Views: 2,145

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Id: NBtEYyEYmOQ

Length: 2min 32sec (152 seconds)

Published: Sat Jun 24 2023