What AI is (not) good for?
Deep Learning "AI" systems are doing ever more impressive things, although there continues to be plenty of skepticism Out There about the underlying technologies.
And now there's increasing skepticism about the economic impact. An 8/2/2024 Atlantic article has the title "The Generative-AI Revolution May Be a Bubble", and the subtitle "Tech firms have been spending historic amounts of money on AI—but will it pay off?" A recent Goldman-Sachs report had the title "GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT?", featured in a 7/24 Washington Post article "Big Tech says AI is booming. Wall Street is starting to see a bubble."
One idea about AI socio-economics has always been that wider and wider swaths of the world's population will want to pay for its participation in their daily lives, replicating the successes of social media and portable networked devices. But even if this is true, there are some hiccups along the way, such as Google's "Dear Sidney" Olympics ad:
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