Elon Musk (who's heavily invested in the tech) pointed out that we might be on the verge of the biggest technology breakthrough , though this benchmark might not be realized because of its high power demand . While AI has opened up the world to endless opportunities and untapped potential, its hype might be short-lived, with challenges abounding.
From the Blood in the Machine newsletter analysis by Brian Merchant, who is also the Los Angeles Times' technology columnist:
"This is it. Generative AI, as a commercial tech phenomenon, has reached its apex. The hype is evaporating. The tech is too unreliable, too often. The vibes are terrible. The air is escaping from the bubble . To me, the question is more about whether the air will rush out all at once, sending the tech sector careening downward like a balloon that someone blew up, failed to tie off properly, and let go—or, more slowly, shrinking down to size in gradual sputters, while emitting embarrassing fart sounds, like a balloon being deliberately pinched around the opening by a smirking teenager."
Later, Merchant calls generative AI one big "meh" and remarks, " Enterprise AI was supposed to be the big moneymaker for generative AI firms, and now it's increasingly clear that it isn't adding much efficiency, at best, and is outright counterproductive at worst ."
AI is clinging on by a thread
A robot patting another robot on the back (Image credit: Windows Central | Microsoft Designer)
Supporting what Merchant claims, Microsoft was recently placed on the spot by its investors for throwing large sums of money into AI-themed investors with little to show in profits . NVIDIA is arguably one of the biggest beneficiaries of the AI boom, as the demand for AI chips is at an all-time high. The AI hype pushed the chip brand to the top three most valuable companies in the world and, at some point, helped it surpass Microsoft and Apple to claim the coveted crown.
However, recent developments indicated that the chip manufacturer might have encountered some critical issues, including the delay of its long-awaited Blackwell chips, which will likely impact its market and stock performance. NVIDIA's stock has already taken a significant hit and dropped by 5%. However, CEO Jensen Huang claims the issue will be resolved soon.
Interestingly, market experts and analysts believe this is just the beginning. NVIDIA's value could decline significantly in the next few months. While we've been in the AI bubble for nearly two years, there's little to show except AI-powered tools like Copilot and ChatGPT .
Its real impact remains debatable, depending on which side of the expensive coin you're looking at. NVIDIA CEO believes we're well beyond AI-powered chatbots and could be on the brink of the next phase of AI with self-driving cars and humanoid robots.
Aside from the management issues, billionaire Elon Musk recently refiled a lawsuit against OpenAI and Sam Altman for a stark betrayal of the firm's founding mission. The lawsuit also alleged involvement in racketeering. Musk says OpenAI used a "fake humanitarian mission" to get funds for AI advances. The billionaire says OpenAI's latest AI models constitute AGI, which breaches its current partnership agreement with Microsoft.
Several reports indicated AI will eventually end humanity . An AI researcher shared p(doom) values of the probability of this happening, and it's alarmingly high, with a 99.9% probability . The researcher indicated the only way to reverse this outcome is by not building AI in the first place. I guess we will have to wait and see how everything pans out.
Get updates delivered to you daily. Free and customizable.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.
Most Popular
Comments / 0