I was watching this YouTube video when I saw the article referenced, This is Why AI Companies Will Never Live Up To The Hype https://youtu.be/uBoFVNKQWaU
They don’t understand the current state of AI, which is Almost Intelligent.
This is the biggest reason why the AI bubble is going to pop, me and our financial adviser talked about it last month.
-SB
I’m an MIT graduate, but understand none of this! (I majored in Biology, enjoyed wonderful labs, and won an NSF Graduate Fellowship!)
There need to be good—and free—courses to help people understand and deal with AI!
This has been a hysteria, as venture capital looks for some sort of "sure thing." But aside from LLMs failing over time as actual results are seen, the many companies pushing out their product -- as against some others' products -- is about acquiring subscription-based cash flows. That's not happening. At the $20 per month range and above, trying to complete with a few "big boys" and a lot of entry-level freebies, there are simply not enough customers, and precious few willing to sign up long term. It's the marketing of hype coupled to a market, much of which is imaginary.
I had an discussion with another Freeper about his using his choice of AI to somehow document his religious view of others. It was unimpressive. But the AI spat out lots of nicely formatted text. Too much is expected of LLMs, all the while to little is expected of us mere mortals.
So many of these startups will fail, just as the EV hysteria spun off many companies, all now defunct. Ditto with the likes of Solyndra and more. Hysteria. It gets stampedes of venture capital running this way and then that way....
The fake ABBA shorts are pretty good.
Now I hope the investors in these companies sue them and take them for another $40 billion.
Historically, 90% of IT projects fail.
Why would AI be any different?
GIGO Garbage In Garbage Out.
AI is mindlessly fed incomplete, but biased data.
1) AI is missing objective fact data. Example. AI knows the state of a city, but assigns the city to a county on the other side of that state.
2) AI treats subjective opinion as fact. Example. AI treats SPLC sourced data as fact when it is opinion.
3) AI data is incomplete. It mostly is input data from one side of politics, religion, culture. Its input is data not copyrighted or copyrighted data that can be pirated with little consequence.
4)....
AI data input could be improved. But that is currently not the goal of any AI.
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and this participated today’s huge market sell off.
We looked at bringing in a translation AI for our Call Center and the demos were flawless. After spending 2-3 months on Spanish, we gave up as there are about another 70-80 languages to go. Someday it may get there but not today.
and the 5% that made money are the ones that sold AI to the 95% who didn’t make money ...