This article explores the hype surrounding generative AI and its subsequent disillusionment in 2024. It highlights the fundamental limitations of generative AI, its tendency to 'hallucinate' or generate false information, and the lack of profitability despite its high valuation.
Generative AI took the world by storm in November 2022, with the release of OpenAI’s service ChatGPT. One hundred million people started using it, practically overnight. Sam Altman, the CEO of OpenAI, the company that created ChatGPT, became a household name. And at least half a dozen companies raced OpenAI in an effort to build a better system. OpenAI itself sought to outdo GPT-4, its flagship model, introduced in March 2023, with a successor, presumably to be called GPT-5.
Virtually every company hurtled to find ways of adopting ChatGPT (or a similar technology, made by other companies) into their business. There is just one thing: Generative AI doesn’t actually work that well, and maybe it never will. Fundamentally, the engine of generative AI is fill-in-the-blanks, or what I like to call “autocomplete on steroids.” Such systems are great at predicting what might sound good or plausible in a given context, but not at understanding at a deeper level what they are saying; an AI is constitutionally incapable of fact-checking its own work. This has led to massive problems with “hallucination,” in which the system asserts, without qualification, things that aren’t true, while inserting boneheaded errors on everything from arithmetic to science. As they say in the military: “frequently wrong, never in doubt.” Systems that are frequently wrong and never in doubt make for fabulous demos, but are often lousy products in themselves. If 2023 was the year of AI hype, 2024 has been the year of AI disillusionment. Something that I argued in August 2023, to initial skepticism, has been felt more frequently: generative AI might turn out to be a dud. The profits aren’t there—estimates suggest that OpenAI’s 2024 operating loss may be $5 billion—and the valuation of more than $80 billion doesn’t line up with the lack of profit
Generative AI Chatgpt AI Hype AI Disillusionment Hallucination
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Science of Happiness: A Bubble BurstsPsychology researchers discovered that many published studies on happiness relied on faulty practices, leading to unreliable results. The field is now moving towards greater transparency and 'Open Science' to ensure more accurate and ethical research.
Read more »
Absolute Superman Is Absolutely Against Generative AI (Spoilers)In the first issue of Absolute Superman 1, we learned that this Kal-El grew up on Krypton with his family. Which meant he went to school there, as a teenager. And had to study in the Kryptonian way, as we see in today's Absolute Superman 2.
Read more »
Google Unveils Veo: Latest Generative AI Video Model for BusinessesVeo, Google's latest generative AI video model, is now available for businesses to integrate into their content creation processes. Initially unveiled in May, Veo generates 'high-quality' 1080p videos from text or image prompts in various cinematic styles, making it difficult to distinguish from real videos.
Read more »
Mastering The Art Of The Humblebrag With ChatGPT And Generative AIDr. Lance B. Eliot is a world-renowned AI scientist and consultant with over 8.1+ million amassed views of his AI columns and been featured on CBS 60 Minutes. As a CIO/CTO seasoned executive and high-tech entrepreneur, he combines practical industry experience with deep academic research.
Read more »
Cook Returns to Ring with Apple's Generative AI LaunchSeven years after the opening, I revisit the tech world's critical juncture to discuss Cook’s strategic move with the impending release of Apple Intelligence. This is Apple's first major offering in the fast-growing field of generative AI, which comes at a time when competitors have been dominating the spotlight with their chatbots.
Read more »
Google's generative AI video model is available in private previewAfter double majoring in unemployment (English and Art History), Igor’s career prospects were, to say the least, limited. It was either become a teacher or a writer. Thankfully, he went with the latter.
Read more »