"Hanke quoted a speech by LeCun in the spring of 2024, where he said: "We're easily fooled into thinking they are intelligent because of their fluency with language, but really, their understanding of reality is very superficial." LeCun added that the chatbots have their uses but "on the path towards human-level intelligence, an LLM is basically an off-ramp, a distraction, a dead end.""
"Hanke, a professor of applied economics at Johns Hopkins University, said he's "on LeCun's side of the court" and considers AI to be "overhyped and potentially dangerous." He told Business Insider last October that whether the market's exuberance turned out to be rational or irrational would "largely depend on whether the AI firms' spectacular revenue forecasts hold water." "It might be wise to buckle your seat belt," he added."
"Despite some recent jitters, the AI boom seems to be going strong with OpenAI reportedly close to raising north of $100 billion at a potential $850 billion valuation. ChatGPT's maker crossed $20 billion in annualized revenue last year."
Large language models demonstrate fluent language ability while possessing only a superficial understanding of reality. LLMs can be useful for tasks but may be a diversion from achieving human-level intelligence, representing an off-ramp or dead end. Concerns exist that current AI enthusiasm is excessive and potentially dangerous, with market outcomes hinging on whether AI firms' spectacular revenue forecasts materialize. Major AI firms are attracting massive investment, with OpenAI nearing large funding rounds and reporting substantial annualized revenue, while hyperscalers invest heavily in infrastructure to support AI deployment.
Read at Business Insider
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