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coyotino [he/him] to Technology@beehaw.orgEnglish • 1 year ago

Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable

www.404media.co

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Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable

www.404media.co

coyotino [he/him] to Technology@beehaw.orgEnglish • 1 year ago
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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?"
  • PenguinCoder
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    73•1 year ago

    Go-dAmn Sachs is wrong often, but in this I think they’re on point. Learned from the Crypto insanity.

    • Avid Amoeba
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      40•1 year ago

      Broken clock etc.

      • @jarfil@beehaw.org
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        6•1 year ago

        And yet, worth 150 billion.

        • @t3rmit3@beehaw.org
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          1•1 year ago

          “valued at” != “worth”

    • NaibofTabr
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      25•1 year ago

      It’s costing them money, and they’re not sure they’re going to get it back.

      • @jherazob@beehaw.org
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        10•1 year ago

        They’re not

      • @anachronist@midwest.social
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        7•1 year ago

        Naw if they’re publicly bashing it they’ve already dumped on all the downside risk onto their customers and now they’re net short.

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