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”

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Oh, I’m not saying that there won’t one day come a better technology that can do a lot more. What I’m saying is that the present technology will never do much more than it is already doing. This is not an issue of refining the technology for more applications. It’s a matter of completely developing a new type of technology.

In areas of generative text, summarizing articles and books, as well as writing short portions of code in order to assist humans, creating simple fan art, and meaningless images like avatars, and those stock photos at the top of articles, Perhaps creating short animations, Improving pattern recognition of things like speech and facial recognition… In all of these areas, AI was very rapidly revolutionary.

Generative AI will not become capable of doing things that it’s not already doing. Most of what it’s replacing are just worse computer programs. Some new technology will undoubtedly be revolutionary in the way that computers were a completely new revolution on top of basic function calculators. People are developing quantum computers, and mapping the precise functions of brain cells. If you want, you can download a completely mapped actual nematode brain right now. You can buy brain cells online, even human brain cells, and put them into computers. Maybe they can even run Doom. I have no idea what the next computing revolution will be capable of, but this one has mostly run its course. It has given us some very incredible tools in a very narrow scope, and those tools will continue to improve incrementally, but there will be no additional revolution.

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