this post was submitted on 14 Jul 2024
499 points (100.0% liked)

Technology

68918 readers
5807 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
499
AI is overhyped and unreliable -Goldman Sachs (calckey.world)
submitted 9 months ago by [email protected] to c/[email protected]
68 comments fedilink hide all child comments
 

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"

@[email protected]

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 14 points 9 months ago* (last edited 9 months ago) (1 children)

In 2 interviews, the interviewees claim that the investors may lose faith in return of investment if "the killer application of AI" is not available in 18 months. In other words, if the AI is a bubble, my interpretation is that it will burst in only 18 months. EDIT: I am referring to the actual paper https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf?ref=404media.co

[โ€“] [email protected] 4 points 9 months ago

That seems like a fair assumption. I would argue we are at the peak of the bubble and only recently we've seen the suits (Goldman Sachs and more broadly analysts at banks) start asking questions about ROI and real use cases.