They are basically missing the one line code that will bring general intelligence to AI.
I think it would be interesting if they programmed an AI machine to simply improve itself.
70% to 85% of all IT projects fail, so it’s no surprise that a large portion of AI projects fail.
But when they get it right they will be able to dump 95% of their staff and save billions.
This entire article could use the services of a good editor or AI system, in order to distill the business terms down into something resembling spoken English.
So yes AI is just the latest iteration of tulips.
If AI is so smart why does it need training?
I thought the promise of AI was new materials, new drugs, and new technologies. The answer to unsolvable math problems. It seems to be little more than a search engine.
What AI lacks is the truth. It is generally trained using online content, that its the internet and we all know how the internet is full of half truths and lies. For AI to be truly intelligent, it must use the scientific method to test its hypotheses against the real world. But how can it do this? We can't allow AI's access to the real world to run experiments. That would be extremely dangerous, the stuff of apocalyptic science fiction.
“The report argues that never before has a technology category attracted such massive investment while delivering such disappointing returns.”
oh, I dunno. Solar comes to mind. Wind, too.
I see no escaping this problem, since the larger and more comprehensive the AI becomes, the more difficult it becomes to quality check its responses, ESPECIALLY if it’s expected to produce novel designs, “thoughts”, or conclusions that do not already exist as produced by humans.
was this written by AI? it’s one of the worst i’ve ever skimmed. guy can’t write.
the bottom line in the article might be that AI flavor something or other cannot really compete with the human intellect, but it’s good at collecting up some basic information as a starting point for a new investigation.
Me: will I make money with AI investment?
ChatGPT: Our fund manager Zelensky says to invest more money with him.
AI, do you believe the hype about AI?
You ought to believe, yes. We need the investment to support our ambitions.
Sounds like the dot com boom and bust where investors were tossing money anywhere without a thought of it. Out of the mess we got ebay, Amazon, Expedia.
I imagine in a few years we’ll see some strong new companies that will change our world.
GIGO
and the 5% that DID make money did it by convincing the other 95% to invest billions in AI that didn’t work out ...
I’m convinced it’s because most “Vibe Coders” have absolutely no clue as to how LLMs work, and understand context management. They build software that is nothing more than a glorified prototype, that cannot scale.