NFTs became such a big thing in last few years, going from millions of dollars to 95% of them being worth $0 in Sept 2023. The whole concept of a JPG of an ugly drawing never made sense to me but you won’t believe the no of people who tried to convince me otherwise.
Today I was watching Lift on Netflix and the first 20 minutes are this group of thieves stealing an NFT Oceans 11 style. It is one of the most ridiculous things that I have seen that someone would spend so much effort showing a NFT heist but the movie was scripted in 2021 when the NFT craze was starting to become insane. Haven’t finished the full movie yet and I doubt I will ever do so as it is very slow/corny and has poor acting and script (as if the whole NFT heist thing didn’t give that away).
It is interesting that all the folks who were shilling NFTs a few years ago have ‘pivoted’ to AI now. If you read the posts from Infuencers you will think that AI is the best thing since sliced bread. Saw the following in my feed and I did question the sanity of the person posting such ‘thought leadership’.
Technology Consultant’s thoughts on AI
Each influencer keeps posting things like this to make them sound more technical and forward thinking but if you start digging into it then you will find out that they are just regurgitating a word salad that really doesn’t mean much but sounds impressive. Actually now that I think about it, they are just like an AI bot that sounds impressive if you are not experienced in the that area but when you start digging into it, you find out that there is no substance to what they are stating.
The current state of AI is basically a massive hype machine which is trying to get folks to buy things or invest in companies because they are working creating an intelligent entity. Whereas in reality, what we have today is a really good Auto Complete or in some cases really nice Machine learning system. It does some things quite well but is nowhere close to being “Intelligent”. What we have now is something that is really good at extrapolating and guessing which can reduce manual efforts in a lot of things but it is not the cure all that everyone is making it out to be.
For example, Github Copilot automates a lot of grunt work while coding allowing users to reduce the time spent of writing code, but in a recent study it was found that Users Write More Insecure Code with AI Assistants. Now this might change in the future with advances in compute power, data and something that we haven’t even thought of yet. But the problem is that in the short term these can cause immense harm and problems.
– Suramya