That reminds me of deep learning. Investment in computing resources is definitely increasing exponentially over time:
https://openai.com/blog/ai-and-compute/
https://techcrunch.com/2019/11/10/the-post-exponential-era-o...
Tthere doesn't seem to by any evidence of exponential gains in performance, even on their own benchmarks (which importantly don't measure "intelligence", but something more narrow):
https://blog.piekniewski.info/2019/11/18/late2019-the-wizard...
Even though we are doubling the compute available to AI every 3.5 months, so a factor 10x per year, since say 2015, so some 10.000x, the classification performance as measured by top-1 accuracy on ImageNet had barely moved. Now arguably top-1 accuracy on ImageNet is probably not the best measure, but still that seems somewhat striking. The diminishing returns are visible elsewhere too, even that Open AI Rubic's cube is somewhat indicative.
From an outside perspective, it seems that everyone is coming around to the fact that self-driving cars is harder than expected. There are no "exponential gains" in that field -- to the contrary, it seems like 90% of the problem was solved several years ago, and you can now take undergraduate courses that teach the basics.
But going from 90%, to 99%, to 99.9%, etc. is taking decades, not months or years. There seems to be something fundamentally wrong with the current approach.
I believe at the time the OpenAI blog post was supposed to be "impressive". Certainly I felt a bit of that -- "hey something important is going on there!" I believe that in 10 years it will look like a waste of effort. There will be a different, more efficient approach to solving these types of problems.
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Peter Thiel is one of the only "major tech figures" speaking out against AI, which I appreciate. And the "AI is communist" meme is pretty memorable, and I don't think wholly inaccurate. I listen to him for his contrarian opinions.
I just wish he didn't have these random "tribal conservative" outbursts. The most recent one was a video on here where he was rambling about Obama saying something far worse than George Bush and the Iraq war. I guess it was about sending their daughter to Harvard, but saying that lots of schools are just as good.
He was trying to get some points from his conservative audience. I guess it gets attention, but that kind of tribalism undermines the rational points that he generally makes.
(I realize the OP doesn't feature Thiel but he was brought up elsewhere in this thread, and is one of the people also lamenting the lack of technological progress despite investment, although maybe due to lack of investment in certain areas too)