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Microsoft CEO Admits That AI Is Generating Basically No Value
(ca.finance.yahoo.com)
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this post was submitted on 26 Feb 2025
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LLMs in non-specialized application areas basically reproduce search. In specialized fields, most do the work that automation, data analytics, pattern recognition, purpose built algorithms and brute force did before. And yet the companies charge nx the amount for what is essentially these very conventional approaches, plus statistics. Not surprising at all. Just in awe of how come the parallels to snake oil weren't immediately obvious.
I think AI is generating negative value ... the huge power usage is akin to speculative blockchain currencies. Barring some biochemistry and other very, very specialized uses it hasn't given anything other than, as you've said, plain-language search (with bonus hallucination bullshit, yay!) ... snake oil, indeed.
Its a little more complicated than that I think. LLMs and AI is not remotely the same with very different use cases.
I believe in AI for sure in some fields, but I understand the skeptics around LLMs.
But the difference AI is already doing in the medical industry and hospitals is no joke. X-ray scannings and early detection of severe illness is the one being used specifically today, and will save thounsands of lives and millions of dollars / euros.
My point is, its not that black and white.