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submitted 4 months ago by tek@calckey.world to c/technology@lemmy.world

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AI is overhyped and unreliable -Goldman Sachs

"Despite its expensive price tag, the technology is nowhere near where it needs to be in order to be useful for even such basic tasks"

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[-] aesthelete@lemmy.world 2 points 4 months ago

Marketing latched onto “AI” because blockchain and cloud and algorithmic had gotten stale and media and CEOs went nuts.

Notably, this also coincided with the first higher interest rate environment in the broader economy in over a decade.

this post was submitted on 14 Jul 2024

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