topic Re: A taste of reality for AI in Industry News

A taste of reality for AI

Caute_cautim — Tue, 09 Jul 2024 06:00:05 GMT

Wow - for anyone trying to understand the good, bad and ugly of generative hashtag#AI, this post by Ed Zitron, and the underlying Goldman Sachs paper to which he refers, certainly pull no punches on on two of those criteria. Guess which ones?! 💣 🔥

Zitron's summary, let alone the GS report, is a long and and provocative read but is well worth the effort. A few quotes that stand out:

☢ "All of this excitement, every second of breathless hype has been built on this idea that the artificial intelligence industry – led by generative AI – will somehow revolutionize everything from robotics to the supply chain, despite the fact that generative AI is not actually going to solve these problems because it isn't built to do so."

☢ "Covello [Goldman Sachs' Head of Global Equity Research] believes that the combined expenditure of all parts of the generative AI boom — data centers, utilities and applications — will cost a trillion dollars in the next several years alone, and asks one very simple question: "what trillion dollar problem will AI solve?" He notes that "replacing low-wage jobs with tremendously costly technology is basically the polar opposite of the prior technology transitions [he's] witnessed in the last thirty years."

☢ "Covello adds that the common adage that people didn't think smartphones would be big was false. He sat through hundreds of presentations in the early 2000s, many of them including roadmaps that accurately fit how smartphones rolled out, and that no such roadmap (or killer app) for AI has been found."

☢ "Being able to access information faster might make you better at your job, but that's efficiency rather than allowing you to do something new. Generative AI isn't creating new jobs, it isn't creating new ways to do your job, and it isn't making anybody any money — and the path to boosting revenues is unclear."

Phew!

https://www.wheresyoured.at/pop-culture/

Regards

Caute_Cautim

Re: A taste of reality for AI

Kyaw_Myo_Oo — Sun, 14 Jul 2024 05:35:43 GMT

Thanks for sharing @Caute_cautim.

Re: A taste of reality for AI

fabienpalmer5 — Fri, 19 Jul 2024 18:01:26 GMT

A Taste of Reality for AI explores the dynamic intersection between artificial intelligence and the real world, highlighting the profound impact AI technologies are having on everyday life. From autonomous vehicles navigating busy streets to virtual assistants managing our schedules, AI is increasingly becoming an integral part of our daily routines. This integration presents both opportunities and challenges, as AI systems must continuously adapt to the complexities and unpredictabilities of real-world environments. By bridging the gap between digital intelligence and human experiences, AI is not only enhancing efficiency and convenience but also raising important questions about ethics, privacy, and the future of human-AI interaction.

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Re: A taste of reality for AI

Caute_cautim — Sat, 20 Jul 2024 00:45:17 GMT

@fabienpalmer5 You obviously received the message loud and clear.

Better than walking into etc/dev/null with your eyes shut....

Regards

Caute_Cautim

Re: A taste of reality for AI

Originality009 — Tue, 13 Aug 2024 06:29:25 GMT

The list of 50 AI stocks from ETFs provides a valuable snapshot of key players in the artificial intelligence sector. It highlights companies poised to benefit from the rapid advancements in AI technology, offering investors a diversified way to gain exposure to this dynamic field. This selection can serve as a useful reference for understanding the breadth of AI investments and identifying potential opportunities within the sector.

Re: A taste of reality for AI

Caute_cautim — Tue, 13 Aug 2024 20:42:57 GMT

@Originality009Is it sustainability and do we have sufficient power resources to power it all?

Regards

Caute_Cautim

Re: A taste of reality for AI

pamafo — Sun, 18 Aug 2024 22:04:11 GMT

Wow, if you want to understand the true impact of generative AI, Ed Zitron's post and the Goldman Sachs report are eye-opening. They critique the hype, noting that generative AI may not solve major problems and could lead to costly technology investments without clear benefits. Key points include skepticism about AI revolutionizing industries' taxi from Worthing to Gatwick, the high costs of AI investments, and the lack of a clear "killer app" or new job creation. It’s a provocative and insightful read on the limitations and realities of generative AI.

Re: A taste of reality for AI

michaljordan — Thu, 22 Aug 2024 18:01:18 GMT

A Taste of Reality for AI delves into how artificial intelligence is reshaping our daily lives, from self-driving cars to smart assistants. This growing integration brings both exciting advancements and important challenges, as AI must navigate the complexities of real-world situations. As AI becomes a bigger part of our routines, it’s crucial to consider its impact on efficiency, ethics, and privacy.

Re: A taste of reality for AI

pamafo — Sat, 31 Aug 2024 05:24:11 GMT

Absolutely, "A Taste of Reality for AI" highlights how AI is increasingly embedded in our everyday lives, with innovations like self-driving cars and smart assistants becoming more prevalent. This integration offers significant benefits, such as enhanced convenience and efficiency. However, it also raises important issues that need addressing, including ethical concerns and privacy implications Panache Bras. As AI systems become more integral to our routines, it's essential to carefully evaluate how they impact our daily lives and ensure that their development and deployment are guided by principles that prioritize both user welfare and societal values. Balancing these advancements with thoughtful considerations will be key to harnessing AI's potential responsibly.

Re: A taste of reality for AI

john-mcarthyyy — Sun, 06 Oct 2024 01:06:39 GMT

That's a great observation The list of AI stocks from ETFs indeed gives a broad view of the companies leading in AI advancements. It's an excellent way for investors to get a well rounded exposure to the sector without putting all their eggs in one basket. With AI continuing to grow and evolve, staying informed about the key players is crucial for anyone looking to capitalize on the potential opportunities within this space.

Re: A taste of reality for AI

Caute_cautim — Sun, 06 Oct 2024 05:07:17 GMT

Hi All

Another perspective is cryptography and bitcoin, associated with blockchain, how does it cost the US economy to run those cryptographic schemes to actually power them up annually? Most of the organised crime would disappear overnight. Are they sustainable? Or is it just another symptom of our current environments?

Regards

Caute_Cautim

Re: A taste of reality for AI

JohnMansoryyy — Sat, 12 Oct 2024 07:32:05 GMT

Zitron's take really makes you pause. It’s true there’s a lot of hype, but where’s the concrete value that AI is supposed to bring? The trillion dollar question looms large, and while AI boosts efficiency, it still feels like we’re waiting for that real, transformative impact. It’s exciting, but also a bit frustrating.

Re: A taste of reality for AI

tatssa — Mon, 10 Mar 2025 22:16:50 GMT

That's a great observation loved it

Re: A taste of reality for AI

akkem — Mon, 10 Mar 2025 23:55:10 GMT

Definitely an eye-opener on Gen AI. It clearly points out where hype meets reality and raises important questions about its real-world value.