They say you will get refunded in you cancel within 30 days of the yearly charge. We did so, but I am wondering if M$FT simply and reliably does the refund. Or will I need to spend hours on the phone talking to a M$FT AI Customer Rep trying to get what is promised. Sincerely... I would appreciate others experience. I could do a charge-back in the next few days if the "promised, easy route" is not available. TIA, RF
They're going to eventually make it so the entire OS squawks if you aren't on a Microsoft account.
They are too far in to turn back. They got into AI via fear of missing out (FOMO) and now they are too heavily invested to write it off on their balance sheet. To revert now would cause nothing but trouble.
> Less than half of current AI projects had generated more in returns than they had cost, respondents said. They reported the most success using AI in marketing and customer service and challenges using it in higher-risk areas such as security, legal and human resources.
I.e., the best success has been in cutting jobs, not in aiding the productivity of individuals.
But it never happened. None of the AI waves, not perceptrons, not "deep neural networks", not RNNs, not support vector machines, not ... made zero-human companies possible, or even less-human companies, in contrast to buying from China I might add, and other nations before China.
Like the book "Don't Create the Torment Nexus," the wisdom of this cartoon is an inspiration to business leaders everywhere who know that shareholder value is paramount:
https://condenaststore.com/featured/the-planet-got-destroyed...
With that said, I'm long-term bullish on AI. A lot of companies will over invest, just as they did during the dot-com bubble. But some of those investments will actually pay off, because this technology is not going anywhere.
I'm sure that firing tonnes of marketing people for prompt engineers will be a good return on investment... Perhaps it reveals something deeper - which is that a 30 second Youtube ad doesn't generate that much revenue at all.
> With that said, I'm long-term bullish on AI
In the long run, yes. But a lot of people will end up losing their shirts over this.
Oh absolutely. In particular, it's hard for me to see a path forward for OpenAI. If they implode, it will be a tsunami.
they likely track conversions, so someone is clicking and buying.
His thesis was sound in a rational world but our world isn't rational anymore and his data center REIT short got obliterated by the AI bubble.
I suspect he might be a bit bitter about that one. He has also shorted tesla (rightly or wrongly) as well as Carvana
The problem for him (and muddy waters and other shorts) was the memification of the entire economy. If you listen to his data center REIT short thesis it was very sound. Data center REITs were not meme stocks and there was every reason for them to respond to economic gravity. There was a lot of inflow of capital during ZIRP leading to a lot of buildout, but with the end of ZIRP the low return on capital in their business was going to kill them. But then the AI bubble came along and everything within three degrees of bacon went to the moon.
That said, the B2C AI market is a joke compared to the B2B market. Consumer AI use is an undeterminable black hole of money. All the bubble talk does make sense in context of normal-ass people using ChatGPT on their phones all day. Advertising is the only possible application for this market and it's already incredibly saturated.
Snowflake bought streanlit (a bad python UI/UX) for 800 million in 2022. I still have not seen a single deal even close to that bad post 2023, and especially post interest rate hikes.
https://datafortune.com/snowflake-acquires-streamlit-for-usd...
Actually investing in AI is smart and will deliver unfathomable ROI. AI bears deserve to reap what they (don’t) sow.
Are these things related? Why is the tech bubble popping in 2022 a necessary condition for current AI hype being a bubble?
I mean, the Fed funds rate was at 0.25%. Free money helps, for a while.