alt Hacker NewsHard disagree, I'm in the process of deploying several AI solutions in Healthcare. We have a process a nurse usually spends about an hour on, and costs $40-$70 depending on if they are offshore and a few other factors. Our AI can match it at a few dollars often less. A nuse still reviews the output, but its way less time. The economics of those tokens is great. We have another solution that just finds money, $10-$30 in tokens can find hundreds of thousands of dollars. The tech isn't perfect (that's why we have a human in the loop still) but its more than good enough to do useful work, and the use cases are valuable.
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I think they were referring to the costs of training and hosting the models. You're counting the cost of what you're buying, but the people selling it to you are in the red.
Are the companies providing these AI services actually profitable? My impression is that AI prices are grossly suppressed and might explode soon.
Those sound like typical bootstrap-sized workflow optimization opportunities, which are always available but have a modest ceiling on both sales volume and margin.
That's great that you happened to find a way to use "AI solutions" for this, but it fits precisely inside the parents "tech wise, I'm bullish" statement. It's genuinely new tech, which can unearth some new opportunities like this, by addressing many niche problems that were either out of reach before or couldn't be done efficiently enough before. People like yourself should absolutely be looking for smart new small businesses to build with it, and maybe you'll even be able to grow that business into something incredible for yourself over the next 20 years. Congratulations and good luck.
The AI investment bubble that people are concerned about is about a whole different scale of bet being made; a bet which would only have possibly paid off if this technology completely reconfigured the economy within the next couple years. That really just doesn't seem to be in the cards.
It's true, but do you really trust the AI generated + Nurse Review output more than Organic Nurse generated?
In my experience, management types use the fact that AI generated + Nurse Review is faster to push a higher quota of forms generated per hour.
Eventually, from fatigue or boredom, the human in the loop just ends up being a rubber stamper. Would you trust this with your own or your children's life?
The human in the loop becomes a lot less useful when it's pressured to process a certain quota against an AI that's basically stochastic "most probable next token", aka professional bullshitter, literally trained to generate plasuible outputs with no responsibility to accurate outputs.