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AI is overhyped and unreliable -Goldman Sachs
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this post was submitted on 14 Jul 2024
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Sure.
GPT4 is not that. Neither will GPT5 be that. They are language models that marketing is calling AI. They have a very specific use case, and it's not something that can replace any work/workers that requires any level of traceability or accountability. It's just "the thing the machine said".
Marketing latched onto "AI" because blockchain and cloud and algorithmic had gotten stale and media and CEOs went nuts. Samsung is now producing an "AI" vacuum that adjusts suction between hardwood and carpet. That's not new technology. That's not even a new way of doing that technology. It's just jumping on the bandwagon.
Notably, this also coincided with the first higher interest rate environment in the broader economy in over a decade.