Is AI actually worthwhile?

A number of large IT companies are investing billions in AI. This includes developing/training the programmes, building data centres and building power generation and cooling systems for the data centres.

Where is the payback for this?

Will there be sufficient paying business for more than one general AI system?

There are specific areas of machine learning that are beneficial such as medical diagnosis and quality control but these are not general purpose applications.

As I understand the only ‘profit’ that general AI can bring is a reduction in human jobs and salaries. The AI solution must be significantly cheaper than the current human solution including  background costs such as system support and upgrades.

Who takes the responsibility for problems and mistakes? If one of my staff makes a mistake that ends up as my problem. If the AI system makes a mistake that remains my problem but there is nothing I can do about it. How do you ‘un/retrain’ a LLM?

Is AI (other than certain very specific versions) a solution looking for a problem?

Is this the next .com bubble?

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  • It is absolutely over-hyped in some areas and there are absolutely snake-oil salesman, and yes it is absolutely a '.com bubble' ... in the same way that there were some huge winners at the turn of the century, and betting on Amazon for example would've been a great move.

    As a software engineer, I would say AI-assisted programming is absolutely here to stay. Graphic design and all manner of similar prototyping is greatly enhanced. But that doesn't mean that every 'mom and pop store', as they say over there, needs or benefits from an AI chatbot, or that startups should be raising at higher valuations this year with 'AI' slapped in front of last year's features.

  • As a software engineer, I would say AI-assisted programming is absolutely here to stay.

    Like when we went from assembly language to C/Fortran/Cobol etc. using the most powerful tools at hand at the time ;-)

    Re-inventing the wheel that goes round and round Joy (tears of joy?)

  • the most powerful tools at hand at the time

    Yes of course, I suppose I should qualify 'here to stay' - what I really mean is that it's not a fad that's going to end and we all go back to doing it the old way, any more than we're going to 'get over' compiled (by which I include JIT or interpreted) languages and go back to assembly for everything!

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  • the most powerful tools at hand at the time

    Yes of course, I suppose I should qualify 'here to stay' - what I really mean is that it's not a fad that's going to end and we all go back to doing it the old way, any more than we're going to 'get over' compiled (by which I include JIT or interpreted) languages and go back to assembly for everything!

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