this post was submitted on 14 Jul 2024
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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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[–] simple@lemm.ee 78 points 4 months ago* (last edited 4 months ago) (13 children)

AI was a promise more than anything. When ChatGPT came out, all the AI companies and startups promised exponential improvements that will chaaangeee the woooooorrlllddd

Two years later it's becoming insanely clear they hit a wall and there isn't going to be much change unless someone makes a miraculous discovery. All of that money was dumped in to just make bigger models that are 0.1% better than the last one. I'm honestly surprised the bubble hasn't popped yet, it's obvious we're going nowhere with this.

[–] whyNotSquirrel@sh.itjust.works 2 points 4 months ago (3 children)

I don't think they were really trying, it was just an easy way to get funds no?

[–] bamboo@lemm.ee 4 points 4 months ago (2 children)

There are millions of people devoting huge amounts of time and energy into improving AI capabilities, publishing paper after paper finding new ways to improve models, training, etc. Perhaps some companies are using AI hype to get free money but that doesn’t discredit the hard work of others.

[–] henrikx@lemmy.dbzer0.com -2 points 4 months ago* (last edited 4 months ago)

Can't believe you get downvoted for saying that. No worries though as the haters will all be proven wrong eventually.

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