Not that I doubt AI spending will go way up in the coming years, but I doubt extrapolating data 10 years forward is very accurate. We don't even know how the market will be two years from now with how quickly everything is moving in the AI space.
this post was submitted on 10 Jun 2023
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Yeah i know that there are some pretty advanced prediction models/algos out there when it comes to data science, but i sort of doubt Bloomberg is using them, and even if they were: rule 1: GIGO, garbage in garbage out: you need good data to properly use those complex predictions
but I doubt extrapolating data 10 years forward is very accurate.
As someone who used to get paid to make such predictions/estimates, I assume the person... read widely on the current market and investigated several of the leading AI players.
Then decided how quickly the line should go up and added the appropriate numbers.