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[return to "Is AI the next crypto? Insights from HN comments"]
1. bamazi+Ye[view] [source] 2023-11-08 18:41:40
>>kcorbi+(OP)
The major difference between the 2 is how they're being adopted by customers and the tangible value they return.

AI/ML barrier to entry is far simpler and vastly user friendly compared to crypto. Instant value return or gratification from ML products (GTPs and rest) is far more mainstream friendly.

Another view is the "loss" factor. Nobody, thus far, has has had their funds stolen or lost using ML products. I understand content creators and those who, unwillingly, contributed knowledge to learning systems did get circumvented but i'm talking about users/customers. Compare that to the negative stigma of crypto frauds and stereotypical association to illegal transactions.

Apples vs. rotten oranges in my opinion!

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2. klntsk+ks[view] [source] 2023-11-08 19:33:27
>>bamazi+Ye
> Another view is the "loss" factor. Nobody, thus far, has has had their funds stolen or lost using ML products

Most of "AI startups" are close to scams, i.e. they are oftentimes just interfaces to proprietary APIs that monetize on impressiveness of LLMs.

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3. theman+kt[view] [source] 2023-11-08 19:38:05
>>klntsk+ks
Is this a scam if they still provide value? I get that most apps are a thin wrapper around GPT, but that doesn't mean they're stealing money, just offering a non differentiated product.
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4. zarzav+uv[view] [source] 2023-11-08 19:48:29
>>theman+kt
It’s a scam on the investors. The users might see some value, but the business is worthless.
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5. fooker+iy1[view] [source] 2023-11-09 01:46:26
>>zarzav+uv
I’m surprised people don’t see this.

There is no moat. Anything even moderately profitable will be implemented in 4 hours by the whales.

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6. johnth+Lr2[view] [source] 2023-11-09 10:49:39
>>fooker+iy1
there doesn't have to be moat to provide some value to some people. These are mostly indie hackers trying to build a nice UI/UX on ai workflows to actually make them usable by general population. Even with retrieval integration of OpenAI, some people will prefer askpdf or likes, or even won't know about openai integration in the first place to consider switching. Or maybe you can build a better UX than openAI since maybe they are too bloated to know what the user actually wants?

This point of view is too simplistic, not everything needs to be a billion dollar idea or differentiated. You can make an absolute good living with no moat and good product senses. Even if you get outgunned, you move on to the next opportunity.

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