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
22 Comments
galoisghost@aussie.zone · 63 pts · 349d
Translation. “We’re still holding the bag”
NaibofTabr@infosec.pub · 45 pts · 349d
HA hA Ha!
Everybody has to play along with our delusions, or the market crashes because we're ridiculously over leveraged!
Muah ha hah! Mine is an evil laugh!
reactionality@lemmy.sdf.org · 5 pts · 349d
It's a little less ridiculous when you realise these are all market manipulation ploys to keep the stocks afloat, until these ghouls cash out on their investments.
IpsumLauren@lemmy.world · 40 pts · 349d
Top AI investor says you need AI 🤡
jaykrown@lemmy.world · 25 pts · 349d
Why the fuck would anyone trust a co-CEO of a venture capital firm? They're financial weasels, trying to say anything to make their investment seem like a good idea.
This is the exact kind of shit you hear at the peak of a bubble.
MadMadBunny@lemmy.ca · 24 pts · 349d
Translation: "it’s about to crash fucking hard, we’re just trying to delay it long enough as we subtly pull as many chips as we can before everyone else"
kerrigan778@lemmy.blahaj.zone · 16 pts · 348d
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.
cecilkorik@piefed.ca · 15 pts · 349d
I hope he has an AI "super cycle" to ride to work when his venture capital fund goes bankrupt.
phoenixz@lemmy.ca · 15 pts · 348d
Can we please stop listening to the masturbatory fantasies of psychopaths?
_druid@sh.itjust.works · 13 pts · 348d
And the third reich was supposed to last for a thousand years.
aliser@lemmy.world · 13 pts · 349d
ai tech bros telling everyone they need ai
zqwzzle@lemmy.ca · 1 pts · 347d
I saw LLMbecile used and I kinda like it.
RedGreenBlue@lemmy.zip · 12 pts · 348d
I'd like to see a list of how much in the red all the llm projects are.
speculate7383@lemmy.today · 2 pts · 348d
Ed Zitron is a good one to follow for that type of info
https://www.wheresyoured.at/ai-is-a-money-trap/
https://www.wheresyoured.at/the-haters-gui/
simsalabim@lemmy.world · 11 pts · 349d
xxce2AAb@feddit.dk · 11 pts · 349d
Sure, buddy. I'll buy that for a dollar. Just one dollar though!
queermunist@lemmy.ml · 10 pts · 349d
Isn't "New paradigm!" the last stage of the bubble right before it pops?
halfapage@lemmy.world · 10 pts · 349d
hotdogcharmer@lemmy.world · 9 pts · 349d
Oh I wonder if this man's entire livelihood and power fantasy is tied to the continuation of this very obvious dog and pony show?
DandomRude@lemmy.world · 9 pts · 349d
Sounds like someone who made a ton of money with those stupid monkey NFTs after getting his initial start-up capital from the Beanie Babies hype.
Catoblepas@piefed.blahaj.zone · 8 pts · 349d
Why not reach for the moon? It’ll last 1000 years! 🙄
ImgurRefugee114@reddthat.com · 7 pts · 349d
Bet lol
hendrik@palaver.p3x.de · 4 pts · 349d
Venture capitalist says something...
I mean sure? You think it's sustainable to blow a crazy pile of money for 20 years? I don't think so. And investors tend to want their money back eventually. And usually they're not 20-years patient with that, if it's a trillions dollar hype. I'd say it either delivers in the next 5-10 years or they'll run out of that kind of money.
Luffy879@lemmy.ml · 4 pts · 349d
Please, tell me where exactly im Using AI currently.