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The AI Revolution Is Already Losing Steam

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Re: The AI Revolution Is Already Losing Steam

#5
There’s an AI Backlash happening now in the enterprise in particular. Many vendors have promised big results and not delivering, especially in automation. Promising to automate 50% of your contact center with AI, of your interactions with AI, etc. No one is hitting it. The genie isn’t going back in the bottle, customers are committed to the goal. But vendors have way over promised across the board.

https://x.com/jasonlk/status/1780822118403621269

Has been shocking to see YC double down on LLMs so much in the last two batches.

Going to be a brutal reckoning coming for many startups.

Re: The AI Revolution Is Already Losing Steam

#6
GenAI really is the new grift following crypto.

It is as wasteful, and barely more useful.

And I say that as someone who is shipping features that use GenAI at work because it's the current hype in the eyes of directors and will get me promoted.

Turns out something 95% right is as good as something 0% right.

Re: The AI Revolution Is Already Losing Steam

#7

There’s an AI Backlash happening now in the enterprise in particular. Many vendors have promised big results and not delivering, especially in automation. Promising to automate 50% of your contact center with AI, of your interactions with AI, etc. No one is hitting it. The genie isn’t going back in the bottle, customers are committed to the goal. But vendors have way over promised across the board. https://x.com/jaso…

> Going to be a brutal reckoning coming for many startups.

Isn't that like asserting water is going to be wet? The great majority of startups fail, in any field.

Re: The AI Revolution Is Already Losing Steam

#8
It’s the best demo-able software today that lets the customers’ minds go wild with the possibilities.

But then the nuances of human abilities in commercial settings, like call center, become realities and obstacles that the software can’t surmount. Costs rise, productivity not so much, and then legal gets involved and it’s even more costly.

Re: The AI Revolution Is Already Losing Steam

#9

There’s an AI Backlash happening now in the enterprise in particular. Many vendors have promised big results and not delivering, especially in automation. Promising to automate 50% of your contact center with AI, of your interactions with AI, etc. No one is hitting it. The genie isn’t going back in the bottle, customers are committed to the goal. But vendors have way over promised across the board. https://x.com/jaso…

> Has been shocking to see YC double down on LLMs so much in the last two batches.

They also doubled down on blockchain sufficiently late in the game that it was obvious to most that there was zero value in all of it.

Either they’re really getting high on their own supply, or there’s some kind of model where you hedge against missing out on a unicorn, even if all indicators point to the fact it’s vaporware.

Re: The AI Revolution Is Already Losing Steam

#10
My photo editor tool now has a button to automatically remove backgrounds, a cool trick. It's at least more useful than crypto.

Chat GPT is a fun party trick, but I'll never trust the output. That's the problem with AI: you can't trust the output.

Maybe generative AI is useful for the rich so they can fire even more people in the creative space, generating shareholder value.

Let's play a game: what do you think the next IT hype will be post AI?

P.S. can somebody calculate how much energy resources have been wasted on AI and how much good this stuff has done for the world?

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