Recently former Google CEO, Eric Schmidt, chastised Silicon Valley for spending billions chasing AGI instead of practical applications of AI.

China’s government agrees and is pushing local usage of AI in practical applications such as grading high-school entrance exams, improving weather forecasts, and advising farmers on crop rotation, not achieving AGI.

Which path will win?

https://www.wsj.com/tech/ai/china-has-a-different-vision-for-ai-it-might-be-smarter-581f1e44?st=KXwnpd&reflink=desktopwebshare_permalink

@carnage4life China will win. There are tons of practical and useful applications for the so-called AI as we already know it.
GAFAM are investing to achieve a goal that most experts think is a chimera. They have the slight hope that if they are the first to achieve it anyway, they will amass a huge amount of money. What they do is burning capital and fossil fuel to play lottery.

@carnage4life Schmidt was just recently bragging about investing indiscriminately into AI startups to replace programmers, about how agentic AI will change everything and how AI is underhyped. https://www.youtube.com/watch?v=QmbO_EA82Qg

The guy is an opportunistic toad, and is the prime example of why CEOs hate programmers https://doctorow.medium.com/https-pluralistic-net-2025-04-25-some-animals-are-more-equal-than-others-9acd84d46742

If our media has any sort of memory we wouldn't listen to anything this guy says seriously.

Listen to Eric Schmidt's exmples to understand how powerful AI is!

YouTube
@carnage4life the cool thing about AGI is it has still not been clearly defined, so you can justify spending any amount of money chasing it