Is it possible that the generative AI revolution will never mature beyond its current state? Deep learning skeptic Gary Marcus suggests the generative AI 'bubble has begun to burst.' Questions arise about the economic value of gen AI, specifically bots based on large language models, in recent reports.
Skepticism about new technologies is not new; recall Newsweek's article in 1995 doubting the internet's success. Are we underestimating gen AI's long-term potential amidst current doubts? Reports from Goldman Sachs and Upwork highlight concerns about the economic benefits and productivity gains from AI.
Gartner's assessment of gen AI has evolved from being at the 'peak of inflated expectations' to now slipping into the 'trough of disillusionment.' This phase suggests waning interest as implementations fail to meet expectations, indicating a potential period of disappointments and setbacks for generative AI.
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