New Concept: AI High
December 3, 2024
Is the AI hype-a-thon finally slowing? Nope. And our last nerves may not be the only thing to suffer. The AI industry could be shooting itself in the foot. ComputerWorld predicts, “AI Is on a Fast Track, but Hype and Immaturity Could Derail It.” Writer Scot Finnie reports:
“The hype is so extreme that a fall-out, which Gartner describes in its technology hype cycle reports as the ‘trough of disillusionment,’ seems inevitable and might be coming this year. That’s a testament to both genAI’s burgeoning potential and a sign of the technology’s immaturity. The outlook for deep learning for predictive models and genAI for communication and content generation is bright. But what’s been rarely mentioned amid the marketing blitz of recent months is that the challenges are also formidable. Machine learning tools are only as good as the data they’re trained with. Companies are finding that the millions of dollars they’ve spent on genAI have yielded lackluster ROI because their data is filled with contradictions, inaccuracies, and omissions. Plus, the hype surrounding the technology makes it difficult to see that many of the claimed benefits reside in the future, not the present.”
Oops. The article notes some of the persistent problems with generative AI, like hallucinations, repeated crashes ,and bias. Then there are the uses bad actors have for these tools, from phishing scams to deepfakes. For investors, disappointing results and returns are prompting second thoughts. None of this means AI is completely worthless, Finnie advises. He just suggests holding off until the rough edges are smoothed out before going all in. Probably a good idea. Digital mushrooms.
December 3, 2024
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