Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI. During an appearance on podcaster Dwarkesh Patel's show this week, Nadella offered a reality check, arguing that OpenAI's long-established goal of establishing "artificial general intelligence," (AGI) an ill-defined term that roughly denotes the point at which an AI can best humans on an intellectual level, is nonsense. "Us self-claiming some AGI

cross-posted from: https://piefed.jeena.net/post/119614

“The real benchmark is: the world growing at 10 percent,” he added. “Suddenly productivity goes up and the economy is growing at a faster rate. When that happens, we’ll be fine as an industry.”

Needless to say, we haven’t seen anything like that yet. OpenAI’s top AI agent — the tech that people like OpenAI CEO Sam Altman say is poised to upend the economy — still moves at a snail’s pace and requires constant supervision.

  • @[email protected]
    21•7 hours ago

    Honestly, I expect this AI bubble to implode with much more devastation than the dot-com bubble.

    And it’s not even that AI is useless. Like the internet (during dot-com) it will definitely have good uses.

    But (a) those uses will take many years to crystallize and mature and (b) the early capital-intensive movers have a big disadvantage and most of them don’t have a feasible path to recoup the money invested into them.

    This is why the AI club is licking Trump’s boot. They will get the federal government to bail them out by buying overpriced AI products and services and taking over worthless investments “in the interest of national security”.

    American taxpayers are going to foot this bill and they will not like it when they start seeing the effects.

    • OptionalOP
      10•7 hours ago

      Agreed. Except for the taxpayer reaction part. American taxpayers who then vote republiQan never seem to give a flying shit what happens to all the money.

      • @QuincyPeck
        5•7 hours ago

        As long as it doesn’t go to “those people”, they’re fine with the spending.

        • SundrayEnglish
          4•6 hours ago

          The motto of the American voter is “Me First.” If they get theirs, the government can burn the money for all they care.

          • @[email protected]English
            9•6 hours ago

            If only that were true. That is at least a rational response that can be worked around.

            But COVID told us just how many conservatives will laugh on their death bed if they’ve been convinced that what’s happening to them ‘owns the libs’.

            It’s a cult and so reality is whatever the cult leaders say it is, even if that reality is harming them directly.

      • @[email protected]
        2•6 hours ago

        I don’t understand your point.

        The effects Iean are things like inflation and cuts in social security.

        If you mean that Republicans will find a way to rationalize blaming the libs - I agree that will happen.

        But they won’t actually like the inflation and lower social security.

        • OptionalOP
          2•5 hours ago

          More the latter about rationalization. In the real world such things would affect electability. But in our 24/7 Propaganda Turd Circus it will have no effect.