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AI is overhyped and unreliable -Goldman Sachs (calckey.world)

submitted 4 months ago by tek@calckey.world to c/technology@lemmy.world

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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"

@technology@lemmy.world

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[–] echodot@feddit.uk 16 points 4 months ago* (last edited 4 months ago) (5 children)

Yeah but it's Goldman Sachs saying it. Presumably because they haven't invested in AI.

Perhaps we could get a non-biased opinion and also from an actual expert rather than some finance ghoul who really doesn't know anything?

[–] 0x0@programming.dev 22 points 4 months ago

I'd say they know a thing or two about finance... so maybe they didn't invest because they see it as overhype?

[–] balder1991@lemmy.world 19 points 4 months ago* (last edited 4 months ago)

The problem is experts in AI are biased towards AI (it pays their salaries).

[–] frezik@midwest.social 11 points 4 months ago

It's noteworthy because it's Goldman Sachs. Lots of money people are dumping it into AI. When a major outlet for money people starts to show skepticism, that could mean the bubble is about to pop.

[–] demonsword@lemmy.world 5 points 4 months ago

Presumably because they haven’t invested in AI.

Presumably is carrying all the weight of your whole post here

Perhaps we could get a non-biased opinion and also from an actual expert rather than some finance ghoul who really doesn’t know anything?

I also hate banks, but usually those guys can sniff out market failures way ahead of the rest of us. All their bacon rides on that, after all