this post was submitted on 21 Nov 2023
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Many areas of machine learning, particularly LLMs are making impressive progress but the usual ycombinator techbro types are over hyping things again. Same as every other bubble including the original Internet one and the crypto scams and half the bullshit companies they run that add fuck all value to the world.
The cult of bullshit around AI is a means to fleece investors. Seen the same bullshit too many times. Machine learning is going to have a huge impact on the world, same as the Internet did, but it isn't going to happen overnight. The only certain thing that will happen in the short term is that wealth will be transferred from our pockets to theirs. Fuck them all.
I skip most AI/ChatGPT spam in social media with the same ruthlessness I skipped NFTs. It isn't that ML doesn't have huge potential but most publicity about it is clearly aimed at pumping up the market rather than being truly informative about the technology.
ML has already had a huge impact on the world (for better or worse), to the extent that Yann LeCun proposes that the tech giants would crumble if it disappeared overnight. For several years it's been the core of speech-to-text, language translation, optical character recognition, web search, content recommendation, social media hate speech detection, to name a few.
ML based handwriting recognition has been powering postal routing for a couple of decades. ML completely dominates some areas and will only increase in impact as it becomes more widely applicable. Getting any technology from a lab demo to a safe and reliable real world product is difficult and only more so when there are regulatory obstacles and people being dragged around by vehicles.
For the purposes of raising money from investors it is convenient to understate problems and generate a cult of magical thinking about technology. The hype cycle and the manipulation of the narrative has been fairly obvious with this one.