Jason KoeblerJul 12, 2024
A blistering Goldman Sachs research report wonders if the massive investment in Generative AI will ever pay off, says stock gains are already baked in "outside of the most bullish AI scenario," and posits that Gen AI is likely a bubble: https://www.404media.co/goldman-sachs-ai-is-overhyped-wildly-expensive-and-unreliable/
Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable

One of the world's largest investment banks wonders if generative AI will be worth the huge investment and hype: "will this large spend ever pay off?"

404 Media
Show threadJason KoeblerJul 12, 2024

This one of Goldman Sachs' top analysts: "This is not a matter of just some tweaks being required here and there; despite its expensive price tag, the technology is nowhere near where it needs to be in order to be useful for even such basic tasks."

Goldman Sachs ran an experiment where they had AI do a task and also did a task manually and found that it cost six times as much to have AI do the same task as humans. Cites "illegible and nonsensical results"

Show threadbigiain
@jasonkoebler I have cow orkers that can produce illegible and nonsensical results for six times the price of someone competent. I don’t need to pay OpenAI for Incompetence as a Service…
Jul 13, 2024 at 1:51amWeb
Show threadEric LawtonJul 14, 2024

@bigiain

My new term.
Management bullshit = cow orking.

Typos can be serendipitous.

@jasonkoebler @Urban_Hermit

Show threadbigiainJul 17, 2024
@EricLawton Not a typo. Well, perhaps closer to “an intentional typo”. It was a widely used term back in the mid/late 90s in a Usenet group I hung out in. (Anyone else here an alumni of the Scarey Devil Monastery?) @jasonkoebler @Urban_Hermit