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Comment by felippee | Hacker News Reader

> The difference between the current AI renaissance and the past pre-winter AI ecosystems is the level of economic gain realized by the technology

I would argue this is well discounted by level of investment made against the future. I don't think the winter depends on the amount that somebody makes today on AI, rather on how much people are expecting to make in the future. If these don't match, there will be a winter. My take is that there is a huge bet against the future. And if DL ends up bringing just as much profit as it does today, interest will die very, very quickly.

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Because there is a dearth of experts and a lack of deep technical knowledge among many business people, there are still a great many companies that have not yet started investing in deep learning or AI despite potential profits based on current technology. Non-tech sectors of the economy are probably underinvesting at the moment.

This is analogous to the way electricity took decades to realize productivity gains in the broad economy.

That said, the hype will dial down. I am just not sure the investment will decrease soon.

While I agree there is underinvestment in non-tech sectors, I don't see why that would change and they will use deep learning. There are lots of profitable things in non-tech sectors that can be done with linear regression but not done.

There are lots of things in the non-tech sector that can be automated with simple vanilla software but isn't. To use AI instead, you need to have 1) sophisticated devs in place, 2) a management that gets the value added, 3) lots of data in a usable format, 4) willingness to invest & experiment. Lots of non-tech businesses are lacking one if not all of these.

This. And at the end of the day, deep learning is just a more sophisticated version of linear regression. (To listen to some people talking, you'd think if a machine just curve-fits enough data-points, it'll suddenly wake up and become self-aware or something? The delusion is just unbelievable!)

Just like it did for ecommerce? Expectations we're wildly inflated, there was a bust, the market re adjusted and value was created

Only after the dot-com bust killed off all the weaklings ... there was a brief "cold-snap" after 2001 ... then Web 2.0 happened.

So I guess we're waiting for something similar to happen with AI and then get AI 2.0?

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