Baidu CEO says LLM hallucinations are now OK
Briefly

Baidu CEO Robin Li claims that hallucinations from large language models are no longer an issue. He predicted a significant cleanse in AI startups comparable to the dot-com bubble.
Li highlighted the progress in AI accuracy, stating, "The most significant change we're seeing over the past 18 to 20 months is the accuracy of those answers from the large language models." He expressed confidence that users can trust chatbot responses.
Regarding the future of AI, Li opined that only about one percent of companies will succeed, stating, "Probably one percent of the companies will stand out and create tremendous value for society." He foresees a long process of evolution in the sector.
Li estimated a timeframe of 10 to 30 years before AI displaces jobs, urging, "Companies, organizations, governments and ordinary people all need to prepare for that kind of paradigm shift." His caution reflects a need for awareness in the evolving landscape.
Read at Theregister
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