G. Paul Randall on Nostr: Here's Ed Zitron tearing all the #AI boosters a new one: "A week and a half ago, ...
Here's Ed Zitron tearing all the #AI boosters a new one:
"A week and a half ago, Goldman
Sachs put out a 31-page-report (titled "Gen AI: Too Much Spend, Too Little Benefit?”) that includes some of the most damning literature on generative AI I've ever seen. And yes, that sound you hear is the slow deflation of the bubble I've been warning you about since March.
The report covers AI's productivity benefits (which Goldman remarks are likely limited), AI's returns (which are likely to be significantly more limited than anticipated), and AI's power demands (which are likely so significant that utility companies will have to spend nearly 40% more in the next three years to keep up with the demand from hyperscalers like Google and Microsoft)."
(it is a long detailed read)
https://www.wheresyoured.at/pop-culture/
"A week and a half ago, Goldman
Sachs put out a 31-page-report (titled "Gen AI: Too Much Spend, Too Little Benefit?”) that includes some of the most damning literature on generative AI I've ever seen. And yes, that sound you hear is the slow deflation of the bubble I've been warning you about since March.
The report covers AI's productivity benefits (which Goldman remarks are likely limited), AI's returns (which are likely to be significantly more limited than anticipated), and AI's power demands (which are likely so significant that utility companies will have to spend nearly 40% more in the next three years to keep up with the demand from hyperscalers like Google and Microsoft)."
(it is a long detailed read)
https://www.wheresyoured.at/pop-culture/