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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 7 months ago by [email protected] to c/[email protected]

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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] [email protected] 11 points 7 months ago* (last edited 7 months ago) (3 children)

The current state of AI development is going to cost a ton of money until its maturity. Any company that is in “AI” right now is either intentionally spending billions of dollars to solve AGI, which will ultimately open up trillions in marketplace solutions, or is using the press to market fledgling AI “solutions” or “integrations” with fancier versions of narrow AI.

AGI is in its infancy and is progressing on an exponential curve. The first time anyone heard of ChatGPT was 14 months ago and , with proper prompting, it’s already easy to use to write college level essays and is passing higher education tests like SAT, GRE, medical exams, CPA certifications, and the bar. Think of what will happen when it hits its toddler stage, let alone adolescence or maturity.

Any way you look at it, the days of hearing about AI are just starting and it will dominate the press in the next decade.

[–] [email protected] 8 points 7 months ago* (last edited 7 months ago) (1 children)

Any company that is in “AI” right now is either intentionally spending billions of dollars to solve AGI

Lol, no, that's another field entirely. They make the tools an AGI could use someday.

[–] [email protected] 4 points 7 months ago

trying

[–] [email protected] 2 points 7 months ago

LLMs don't really fall under AGI, they're still static statistical models. Some RL algorithms might be on the track of AGI, but I'm not sure about that.

[–] [email protected] 2 points 7 months ago

or we might be failing to understand severe limitations with this model which would ultimately reach its ceiling very short of anything that can reason