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AI hype is over. AI exhaustion is setting in.

May 17, 2024 - disconnect.blog
The article criticizes the overuse and hype around artificial intelligence (AI) in the tech industry, particularly by Google and OpenAI. It highlights Google's I/O presentation where the term "AI" was used 121 times and OpenAI's showcase of its ChatGPT voice bot, both of which the author views as attempts to maintain an illusion of AI's transformative power. The author also criticizes the claims made by OpenAI CEO Sam Altman about AI creating a market for "human, in-person, fantastic experiences" and his idea of a universal basic compute.

The author argues that the hype around AI is leading to a financial bubble that is about to burst. He notes that the valuations of AI companies are decreasing and major cloud providers are lowering their clients' expectations for what AI tools can deliver. He also points out that AI's resource demands are escalating, threatening companies' climate commitments. The author predicts an inevitable return to an "AI winter" and a significant crash in the industry.

Key takeaways:

  • Google and other tech companies are overhyping the capabilities and progress of artificial intelligence (AI), with the term being used excessively in presentations and keynotes.
  • Despite the hype, AI tools are still making many mistakes and the financial valuations of AI companies are decreasing as the reality of their capabilities becomes clearer.
  • OpenAI and Google are attempting to expand their power over digital technology, with Google aiming to further sideline the open web and OpenAI hoping to revive the voice assistant push.
  • The article suggests that an 'AI winter' is inevitable, with the bubble of AI hype set to burst and the financial and technological fallout potentially being significant.
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