Expert Warns That AI Industry Due for Huge Collapse

. "And fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI."It's a notable vote of no confidence, highlighting growing concerns that the sheer amount of capital being poured into AI could lead to a dot-com-style bubble.

Ferguson noted some glaring shortcomings with the technology, including "hallucinations," a term used to denote lies dreamed up by large language models like OpenAI's GPT-4. It's a problem that has persisted to this day, with some experts arguing that it's an intrinsic quality of the tech, "If AI cannot be trusted," Ferguson told Somerset Weebb, "then AI is effectively, in my mind, useless."

Then there's the sheer amount of electricity needed to train and upkeep these AI models, making them too "energy hungry." Last week for instance, news emerged that Google'sIn short, the industry could be in for a rude awakening. "These historically end badly," Ferguson said. "So anyone who's sort of a bit long in the tooth and has seen this sort of thing before is tempted to believe it'll end badly."

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How AI Is Revolutionizing Retail: Exclusive Insights From An Industry ExpertI lead HPA, one of the most successful early-stage venture investor groups in the Midwest, the founder of Omaxn and the author of Purpose First Entrepreneur.
Source: ForbesTech - 🏆 318. / 59 Read more »

Light At End Of Tunnel For Bike Industry, Asserts European Bicycle Industry GroupI was Press Gazette's Transport Journalist of the Year, 2018. I'm also an historian – my most recent books include 'Roads Were Not Built for Cars' and 'Bike Boom', both published by Island Press, Washington, D.C.
Source: ForbesTech - 🏆 318. / 59 Read more »

TD Cowen warns crypto companies themselves may push legislation that 'derail' crypto industry as a wholeA report from the investment bank TD Cowen explains how clearer cryptocurrency legislation can 'derail' the industry, as seen previously with the cannabis industry.
Source: TheBlock__ - 🏆 464. / 53 Read more »