One of the world's largest investment banks wonders if generative AI will be worth the huge investment and hype: "will this large spend ever pay off?"
@esaru@beehaw.org
link
fedilink
10
edit-2
2M

If Goldman Sachs said that, then most likely the opposite is true.

I’m surprised how everyone here believes what that capitalist company is saying, just because it fits their own narrative of AI being useless.

Blake (he/him)
link
fedilink
English
52M

If Goldman Sachs said that, than most likely the opposite is true.

What makes you say that?

@esaru@beehaw.org
link
fedilink
3
edit-2
2M

There are studies that suggest that the information investment firms publish is not based on what they believe to be true, but on what they want others, including their competitors, believe to be true. And in many cases for serving their investment strategy, it benefits them to publish the opposite of what they believe to be true.

Blake (he/him)
link
fedilink
English
22M

Intentions aside, it’s just some independent research that anyone can review and critique. If the research is bad then it should be pointed out and won’t be taken seriously, undermining any influence from Goldman Sachs now and in the future

@esaru@beehaw.org
link
fedilink
1
edit-2
2M

Goldman Sachs would not publish it that prominantly if it didn’t help their internal goals. And their intention is certainly not to help the public or their competitors. There are independent studies of some topics that are all well made and get to opposite conclusions. Invedtment firms just do what serves them. I wouldn’t trust anything that they publish.

I mean, ask pretty much anyone familiar with the workings of AI who doesn’t have a vested interest, and they’ll say the same thing. Goldman is right.

I’d also say that it does have applications, but it’s going to take a moment for all the bullshit artists to move on to the next thing so the grown-ups can work. It’s a bit like graphene research circa-2011, although it’s way more proven than graphene ever was.

They might also say that the moment it does work reliably we should be scared, although it’s fair to say there’s many experts who take the obvious stance.

Create a post

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

  • 1 user online
  • 144 users / day
  • 275 users / week
  • 709 users / month
  • 2.87K users / 6 months
  • 1 subscriber
  • 3.09K Posts
  • 64.9K Comments
  • Modlog