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Hi, author here: Well first off: letters to investors are among the most biased pieces of writing in existence. Second: I'm not saying connectionism did not succeed in many areas! I'm a connectionist by heart! I love connectionism! But that being said there is disconnect between the expectations and reality. And it is huge. And it is particularly visible in autonomous driving. And it is not limited to media or CEO's,…
I agree that self-driving had/have been overhyped over the previous few years. The problem is harder than many people realize. The difference between the current AI renaissance and the past pre-winter AI ecosystems is the level of economic gain realized by the technology. The late 80s-early 90s AI winter, for example, resulted from the limitations of expert systems which were useful but only in niche markets and thei…
I would argue this is well discounted by level of investment made against the future. I don't think the winter depends on the amount that somebody makes today on AI, rather on how much people are expecting to make in the future. If these don't match, there will be a winter. My take is that there is a huge bet against the future. And if DL ends up bringing just as much profit as it does today, interest will die very, very quickly.