AI is overhyped and unreliable -Goldman Sachs

https://www.404media.co/goldman-sachs-ai-is-overhyped-wildly-expensive-and-unreliable/

"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"

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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

AI was a promise more than anything. When ChatGPT came out, all the AI companies and startups promised exponential improvements that will chaaangeee the woooooorrlllddd

Two years later it’s becoming insanely clear they hit a wall and there isn’t going to be much change unless someone makes a miraculous discovery. All of that money was dumped in to just make bigger models that are 0.1% better than the last one. I’m honestly surprised the bubble hasn’t popped yet, it’s obvious we’re going nowhere with this.

You should all see the story about the invention blue LEDs. No one believed that it could work except some japanese guy (Shuji Nakamura) who kept working on it despite his company telling him to stop working on it. No one believed it could ever be solved despite being so close.

No one believed that it could work except some japanese guy

There is a difference in not knowing how to do a thing and someone coming out doing the thing, and knowing how something works, knowing it’s by design limitations, and still hoping it may work out.