Greed doesn't let people to see far enough. Investors of AI see it as a once-in-a-century kind of tech revolution and they don't want to miss riding it. Fund managers will be fired if they show any skepticism of AI. It's the myopic and FOMO forces that are at play. Banks would jump into the great Tulip mania if it happens again without blinking an eye. JP Morgan's CEO who once called crypto as idiotic, went full steam and joined the "idiotic" bandwagon. Not because he got enlightened, but because of FOMO.
For AI labs, it's not bad at all. They make their hey while the sun shines. It's worth it. For Investors, they are gamblers after all. They get their fun in betting. Totally worth it.
For AI labs, it's not bad at all. They make their hey while the sun shines. It's worth it. For Investors, they are gamblers after all. They get their fun in betting. Totally worth it.