AI Investors Are Starting to Wonder: Is This Just a Bubble?
Briefly

The tech industry's investment in AI primarily benefits Nvidia chips and infrastructure, making the company briefly the most valuable in the world.
Major AI players are competing to develop powerful AIs through expensive models, emphasizing computing power over model longevity, leading to hoarding of physical hardware.
Despite the massive investment in similar supercomputers, the purpose and end goal of this race for computing power, whether AGI or ASI, remain relatively vague among AI firms.
Read at Intelligencer
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