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Ugly Numbers from Microsoft and ChatGPT Reveal that AI Demand is Already Shrinking

Aug 23, 2023 - honest-broker.com
The article discusses the failure of AI to live up to its hype, using Microsoft's Bing as an example. Despite a $10 billion investment, Bing's market share has not grown and its AI bot has not been successful. The author argues that AI is not being adopted at the rate of other technological innovations, suggesting that it is more of a fad or craze.

The author also highlights various issues with AI, including legal and regulatory challenges, poor performance, and its use in scams and deceptions. The public's skepticism and low demand for AI are also noted. The author concludes that the situation is likely to worsen and suggests that the best course of action would be to halt AI development, although they acknowledge this is unlikely.

Key takeaways:

  • Despite significant investment in AI, companies like Microsoft have not seen the expected growth or consumer adoption. Bing's market share remains at 3% despite a $10 billion investment in AI.
  • Consumer demand for AI is low, with skepticism and suspicion prevalent among the public. Many companies using AI try to hide this fact due to potential backlash.
  • AI has been successful in negative areas such as scamming, spamming, and shamming, with AI bots being used for ransom scams, creating malware, and aiding in cheating.
  • There are increasing legal, regulatory, and attitudinal obstacles for AI, with lawsuits and investigations into AI practices. The author suggests the best move would be to "put the genie back into the bottle," but acknowledges this may not be possible.
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