Recent searches
Search options
Administered by:
The third article in a week that I’ve read suggesting that GenAI is not actually doing anything useful:
Even Goldman Sachs, who can generally make money out of any ludicrous hype cycle, think there’s nothing of value there.
Summary from the others:
- Only 5% of businesses are doing any kind of AI roll out and, of those, a lot are scaling back because the returns are nonexistent or negative.
- Experienced developers using Copilot are 20% less productive.
- Silicon Valley companies spent $50B on NVIDIA GPUs and that led to a $3B increase in revenue (not profit).
- Improvements in newer generation AI models is incremental, but the costs of training are increasing disproportionately.
Insider · Goldman Sachs says return on investment for AI may be disappointing
@david_chisnall Pedantic spelling correction! I believe that's Goldmine Shithole. But like any broken clock, they're occasionally accurate...