"Nearly every billboard advertises an AI related product: We've Automated 2,412 BDRs. All that AI and still no ROI? Cheap on-demand GPU clusters. It's hard to know if you're interpreting the industry jargon correctly while zooming past in your vehicle. The signs are just one example of the tech industry's en-masse pivot to AI, a technology that the executives who have the most to gain from it say will be universe-shifting, inevitable and unavoidable."
"Some of AI's biggest boosters, such as OpenAI's Sam Altman, have warned that investors are overvaluing the potential returns on AI. Are we in a phase where investors as a whole are overexcited about AI? Altman said at a private dinner with reporters. My opinion is yes. Altman's statements coincided with a concession that OpenAI botched the roll-out of the latest ChatGPT model which he once promised would be a significant improvement over the current GPT 4.5 model."
Billboards along the 280 freeway promote AI products aggressively, from automated BDR claims to on-demand GPU clusters. Tech executives present AI as universe-shifting, inevitable and unavoidable, and many companies now label themselves AI firms. Cracks are appearing as leading figures like Sam Altman warn investors may be overvaluing AI's potential and OpenAI acknowledged a botched rollout of a promised ChatGPT upgrade. A recent MIT study found 95% of generative AI projects delivered little to no revenue growth. Major AI-focused tech stocks tumbled this week, and hopes for lower interest rates did not reverse the sector's market slide.
Read at www.theguardian.com
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