this post was submitted on 21 Oct 2024

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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)

submitted 22 hours ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] ulkesh@lemmy.world 7 points 12 hours ago* (last edited 12 hours ago) (1 children)

Wow, a CEO who doesn’t buy into the hype? That’s astonishing.

I, for one, cannot wait for the bubble to burst so we can get back to some sense of sanity.

Edit>> Though if Baidu is investing in AI like all the rest, then maybe they just think they’ll be immune — in which case I’m sad again that I haven’t yet come across a CEO who calls bullshit on this nonsense.

AI will have its uses, and it has practical use cases such as helping people to walk or to speak or to translate in real time, etc. But we’re decades away from what all these CEOs seem to think they’re going to cash in on now. And it’ll be fun on some level watching them all be wrong.

[–] nyan@lemmy.cafe 1 points 6 hours ago

Edit>> Though if Baidu is investing in AI like all the rest, then maybe they just think they’ll be immune — in which case I’m sad again that I haven’t yet come across a CEO who calls bullshit on this nonsense.

They may just have kept their AI investments responsible—that is, not put more money into it than they can afford to lose. Keep in mind, Baidu is the Chinese equivalent of Google. They have a large, diversified business with many income streams. I expect they'll still be around after the bubble bursts.

[–] poo@lemmy.world 204 points 22 hours ago (8 children)

No bubble has deserved to pop as much as AI deserves to

[–] misk@sopuli.xyz 156 points 22 hours ago (19 children)

Blockchain and crypto were worse. „AI” has some actual use even if it’s way overblown.

[–] FlyingSquid@lemmy.world 52 points 19 hours ago (1 children)

I'm glad you didn't say NFTs because my Bored Ape will regain and triple its value any day now!

[–] protist@mander.xyz 10 points 16 hours ago (1 children)

Bro the GME short squeeze is going to hit any day now. We're going to be millionaires bro, you just wait

[–] ICastFist@programming.dev 1 points 7 hours ago

Die almond hands, bro! We're all gonna make it, bro!!! Trust the code, bro!!!!

[–] SkyezOpen@lemmy.world 84 points 21 hours ago (1 children)

Creating a specialized neural net to perform a specific function is cool. Slapping GPT into customer support because you like money is horse shit and I hope your company collapses. But yeah you're right. Blockchain was a solution with basically no problems to fix. Neural nets are a tool that can do a ton of things, but everyone is content to use them as a hammer.

[–] astronaut_sloth@mander.xyz 34 points 19 hours ago

Yes! "AI" defined as only LLMs and the party trick applications is a bubble. AI in general has been around for decades and will only continue to grow.

[–] Ilovethebomb@lemm.ee 56 points 21 hours ago (1 children)

Crypto has a legitimate value, you can buy drugs with it.

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[–] peopleproblems@lemmy.world 30 points 17 hours ago (17 children)

10 to 30? Yeah I think it might be a lot longer than that.

Somehow everyone keeps glossing over the fact that you have to have enormous amounts of highly curated data to feed the trainer in order to develop a model.

Curating data for general purposes is incredibly difficult. The big medical research universities have been working on it for at least a decade, and the tools they have developed, while cool, are only useful as tools too a doctor that has learned how to use them. They can speed diagnostics up, they can improve patient outcome. But they cannot replace anything in the medical setting.

The AI we have is like fancy signal processing at best

[–] RootBeerGuy@discuss.tchncs.de 14 points 14 hours ago (1 children)

Not an expert so I might be wrong, but as far as I understand it, those specialised tools you describe are not even AI. It is all machine learning. Maybe to the end user it doesn't matter, but people have this idea of an intelligent machine when its more like brute force information feeding into a model system.

[–] RecluseRamble@lemmy.dbzer0.com 23 points 14 hours ago (7 children)

Don't say AI when you mean AGI.

By definition AI (artificial intelligence) is any algorithm by which a computer system automatically adapts to and learns from its input. That definition also covers conventional algorithms that aren't even based on neural nets. Machine learning is a subset of that.

AGI (artifical general intelligence) is the thing you see in movies, people project into their LLM responses and what's driving this bubble. It is the final goal, and means a system being able to perform everything a human can on at least human level. Pretty much all the actual experts agree we're a far shot from such a system.

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[–] brucethemoose@lemmy.world 69 points 22 hours ago* (last edited 21 hours ago) (1 children)

As a major locally-hosted AI proponent, aka a kind of AI fan, absolutely. I'd wager it's even worse than crypto, and I hate crypto.

What I'm kinda hoping happens is that bitnet takes off in the next few months/years, and that running a very smart model on a phone or desktop takes milliwatts... Who's gonna buy into Sam Altman $7 trillion cloud scheme to burn the Earth when anyone can run models offline on their phones, instead of hitting APIs running on multi-kilowatt servers?

And ironically it may be a Chinese company like Alibaba that pops the bubble, lol.

[–] pennomi@lemmy.world 26 points 21 hours ago (4 children)

If bitnet takes off, that’s very good news for everyone.

The problem isn’t AI, it’s AI that’s so intensive to host that only corporations with big datacenters can do it.

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[–] Snapz@lemmy.world 9 points 17 hours ago

And they will ALL deserve it.

[–] Pulptastic@midwest.social 11 points 18 hours ago

Aw, only 99%?

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