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Is the AI boom already over?

Sep 02, 2023 - vox.com
The initial excitement over generative AI and chatbots seems to be fading, with consumers losing interest and governments increasing regulation efforts. AI products like Microsoft's Bing search and OpenAI's ChatGPT are losing users and facing criticism for privacy invasions, intellectual property violations, and accuracy issues. Despite the hype, Bing's AI-powered search has not significantly impacted Google's market share, and ChatGPT's website traffic and app downloads have decreased.

However, generative AI is still a powerful technology that isn't going anywhere soon. While there are concerns about the technology's accuracy and potential for misuse, companies like OpenAI, Google, and Meta are actively working to improve their models and ensure their safe deployment. The recent DEF CON event, where these companies' models were stress-tested for accuracy and safety, is an example of these efforts. Despite the challenges, generative AI still holds significant potential and interest from Silicon Valley and consumers.

Key takeaways:

  • Generative AI products, particularly chatbots, are facing scrutiny and waning interest due to concerns over accuracy, privacy, and potential job loss.
  • Despite initial excitement, AI-powered tools like Bing's new search and OpenAI's ChatGPT are not gaining significant traction among consumers.
  • Companies like OpenAI, Google, and Meta are participating in stress tests to understand the accuracy and safety of their AI models, a move supported by the Biden administration.
  • The future of generative AI depends on whether it can overcome its current flaws and prove to be more than just a novelty.
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