this post was submitted on 14 Jul 2024
488 points (96.9% liked)

Technology

60060 readers
3073 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS
 

AI is overhyped and unreliable -Goldman Sachs

https://www.404media.co/goldman-sachs-ai-is-overhyped-wildly-expensive-and-unreliable/

"Despite its expensive price tag, the technology is nowhere near where it needs to be in order to be useful for even such basic tasks"

@[email protected]

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 16 points 5 months ago* (last edited 5 months ago) (5 children)

Yeah but it's Goldman Sachs saying it. Presumably because they haven't invested in AI.

Perhaps we could get a non-biased opinion and also from an actual expert rather than some finance ghoul who really doesn't know anything?

[–] 0x0 22 points 5 months ago

I'd say they know a thing or two about finance... so maybe they didn't invest because they see it as overhype?

[–] [email protected] 19 points 5 months ago* (last edited 5 months ago)

The problem is experts in AI are biased towards AI (it pays their salaries).

[–] [email protected] 11 points 5 months ago

It's noteworthy because it's Goldman Sachs. Lots of money people are dumping it into AI. When a major outlet for money people starts to show skepticism, that could mean the bubble is about to pop.

[–] [email protected] 5 points 5 months ago

Presumably because they haven’t invested in AI.

Presumably is carrying all the weight of your whole post here

Perhaps we could get a non-biased opinion and also from an actual expert rather than some finance ghoul who really doesn’t know anything?

I also hate banks, but usually those guys can sniff out market failures way ahead of the rest of us. All their bacon rides on that, after all