""I think a lot of that rhetoric comes from people who are trying to justify valuations around companies, where they go: 'We're going to change everything in two years, there's going to be no more work,'" Affleck said. "Well, the reason they're saying that is because they need to ascribe a valuation for investment that can warrant the capex spend they're going to make on these data centers," he added."
"The "Justice League" and "Gone Girl" actor said that historical adoption of new technologies has been "slow" and incremental. He said that tech companies are trying to justify their huge outlays by promising they'll enable new AI models that will blow away existing ones - but in reality, each subsequent model is only moderately better and requires far more electricity and data to run."
""Ben Affleck is clearly a smart guy," Burry wrote in a weekend post on X. "So this does not surprise me. It sounds familiar and on point.""
Ben Affleck said on The Joe Rogan Experience that much AI rhetoric exists to justify company valuations and the capital expenditures on data centers. He argued that companies claim rapid, transformative AI adoption to warrant large investments and to ascribe higher valuations. Affleck described historical technology adoption as slow and incremental, and said each new AI model is only moderately better while requiring substantially more electricity and data. Michael Burry praised Affleck as smart and echoed the skepticism, posting on X that Affleck's remarks sounded familiar and on point. Affleck also jabbed at AI chatbots and Big Tech's capital spending.
Read at Business Insider
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