I see the current gold rush of AI the same way I saw crypto-currencies. Even if originally there were people that believed in the concept it became just a snake-oil sellers business. The parallelism is made even more relevant by its hungry use of electricity. There is a future for AI but it is not what we see companies developing right now. Chat-bots are more dystopian and problematic than useful. AI future (and pres…
There is reason to be cautious about every kind of endeavor where the potential for enrichment can cloud judgment. However, the possibilities opened up by technologies this radical in the magnitude of the improvements they make in specific fundamental societal functions are enormous, and for that reason, they are on the balance massively beneficial, and that includes chat bots.
The improvements it can be dreamed of to the bottom line of companies by replacing expensive labour are massive, that's why it got US$ 1tn Capex downed into it as noted in another article from Goldman Sachs shared today on HN.
It doesn't mean it's massively beneficial to societal functions, a bigger case for that would be a clean, and massively cheap energy source (if fusion turned out to be viable and scalable, for example) but we don't see US$ 1tn poured into the pursuit of that because it does not promise improving companies' bottom line in a short time frame.
AI can definitely turn out to be a panacea but more and more grifters are attaching themselves to it, and the companies churning out the most advances of it are not really invested in improving society as a whole, that's the marketing speak used but we in tech have seen those empty promises of utopian changes turning out to be just smoke and mirrors for the surveillance capitalism age to set in.