Turns out Generative AI was a scam
Marcus on AI • • business
Key Points:
- Shira Ovide of the Washington Post has reported that previous claims about Generative AI contributing half of US GDP growth were significantly overstated, revealing a lack of scrutiny behind these widely accepted figures.
- Generative AI remains inherently unreliable, frequently hallucinating and making errors, with recent studies showing it can only perform a small fraction of human tasks, especially excluding physical labor.
- Despite some practical applications like coding, Generative AI has struggled to deliver expected business returns and has been marketed with unrealistic comparisons to artificial general intelligence.
- The technology is causing societal harm by disrupting education, spreading nonconsensual deepfake content, straining the environment, and potentially risking economic stability due to overhyped investments.
- The article highlights
