Pop goes the bubble
2024-07-08 19:37:09.083589+02 by Dan Lyke 0 comments
Where's your Ed at: Pop Culture
A week and a half ago, Goldman Sachs put out a 31-page-report (titled "Gen AI: Too Much Spend, Too Little Benefit?”) that includes some of the most damning literature on generative AI I've ever seen. And yes, that sound you hear is the slow deflation of the bubble I've been warning you about since March.
The essay goes on to talk about how not that long ago, Goldman Sachs was on the "AI is showing ‘very positive’ signs of eventually boosting GDP and productivity" bandwagon, so for them to concede that the hope is gone is a big thing.
And, of course, that when we talk about how much better than GPT3.5 GPT4 and then 4o and then Anthropic's Claude and whatever are, we're talking in grades of "sucks less" with absolutely zero indications that the there's any progress on changing the core underlying flaws of the LLM technologies.
(But we're apparently supercharging the shit out of 1990 era sentence template "AI" technology.)