The author further argues that the AI industry is at the peak of its hype cycle, with companies struggling to generate meaningful revenue from AI products and services. The author predicts a potential collapse of the AI industry if it fails to prove its worth in the next three quarters, which could have significant repercussions for big tech companies and their revenues. The author concludes by suggesting that AI is not a society-altering technology, but rather a form of efficiency-driving cloud computing software that benefits a relatively small niche of people.
Key takeaways:
- The article criticizes OpenAI CTO Mira Murati's inability to provide clear answers about the data used to train Sora, OpenAI's app for generating video with AI, during an interview with the Wall Street Journal.
- It suggests that the hype around AI and its capabilities is largely inflated, with companies struggling to generate significant revenue from AI products and services.
- The piece also criticizes the lack of pushback from the media when interviewing AI executives, allowing them to make vague and often misleading statements about the capabilities and future of AI.
- Finally, the article predicts a potential "apocalypse" for the AI industry if it fails to prove its worth in the next three quarters, potentially leading to a significant drop in revenue for big tech companies.