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 threadJason KoeblerJul 12, 2024
The report also questions whether LLMs will ever get substantially better, even with massive amounts of more training data, which might not exist: "it’s not clear where more high-quality data will come from and whether it will be easily and cheaply available to AI models"
Show threadGiselle
@jasonkoebler That's incredibly interesting. Thank you for writing about this.
Jul 13, 2024 at 7:12amWeb