Well, what we have right now is not really an AI. Its a LLM. It's still better than mostly anything we have had before but they are still very limited even though they can be used in some cases to save a lot of time/effort but it still requires a human to look over the work done to make sure it didn't fuck up.
This is a "gold rush" but at the same time, like usual, there has been MASSIVE over investment by people hoping if they just throw enough money at it they will win the race to AGI. It really is not that simple.
This is like the fallacy of adding more engineers or developers to a project to get it past the finish line. It usually actually slows down and complicates the project, not gets it finished faster.
Archive: https://archive.today/IIYIH
From the post:
>There are fears that the AI bubble is set to dramatically burst as tech stocks plummet following a study that warned most artificial intelligence investments are yielding 'zero returns'.
It comes after the U.S. stock market exchange lost $1trillion in just four days as a tech stock sell-off escalated on Wednesday.
The S&P 500 was dragged down for a fourth consecutive session, falling by as much as 1.1 percent, but by the end of the day it recovered to a drop of 0.2 percent.
The drop-off came amid alarm generated by a report by Massachusetts Institute of Technology (MIT) researchers that announced most AI investments give 'zero return' for businesses.
Well, what we have right now is not really an AI. Its a LLM. It's still better than mostly anything we have had before but they are still very limited even though they can be used in some cases to save a lot of time/effort but it still requires a human to look over the work done to make sure it didn't fuck up.
This is a "gold rush" but at the same time, like usual, there has been MASSIVE over investment by people hoping if they just throw enough money at it they will win the race to AGI. It really is not that simple.
This is like the fallacy of adding more engineers or developers to a project to get it past the finish line. It usually actually slows down and complicates the project, not gets it finished faster.
Archive: https://archive.today/IIYIH
From the post:
>>There are fears that the AI bubble is set to dramatically burst as tech stocks plummet following a study that warned most artificial intelligence investments are yielding 'zero returns'.
It comes after the U.S. stock market exchange lost $1trillion in just four days as a tech stock sell-off escalated on Wednesday.
The S&P 500 was dragged down for a fourth consecutive session, falling by as much as 1.1 percent, but by the end of the day it recovered to a drop of 0.2 percent.
The drop-off came amid alarm generated by a report by Massachusetts Institute of Technology (MIT) researchers that announced most AI investments give 'zero return' for businesses.
(post is archived)