AI’s results are mediocre, Steven J. Vaughan-Nichols writes, and it’s as
good as it’s going to get. He believes that the AI bubble is bursting.
“Most companies,” he says, “have found that AI’s golden
promises are proving to be fool’s gold. I suspect that soon, people
who’ve put their financial faith in AI stocks will be feeling foolish,
too.”
There tend to be three AI camps:
1, AI is the greatest thing since sliced bread and will transform the world,
2. AI is the spawn of the Devil and will destroy civilisation as we know it,
3. “Write an A-Level paper on the themes in Shakespeare’s Romeo and Juliet.”
I
propose a fourth: AI is now as good as it’s going to get, and that’s
neither as good nor as bad as its fans and haters think, and you’re
still not going to get an A on your report.
You see, now that
people have been using AI for everything and anything, they’re beginning
to realise that its results, while fast and sometimes useful, tend to
be mediocre.
Don’t believe me? Read MIT’s NANDA (Networked Agents and Decentralised AI) report, which revealed that 95 per cent of companies that have adopted AI have yet to see any meaningful return on their investment. Any meaningful return.
To
be precise, the report states: “The GenAI Divide is starkest in
deployment rates, only 5 per cent of custom enterprise AI tools reach
production.” It’s not that people aren’t using AI tools. They are.
There’s a whole shadow world of people using AI at work. They’re just
not using them “for” serious work. Instead, outside of IT’s purview,
they use ChatGPT and the like “for simple work, 70 per cent prefer AI
for drafting emails, 65 per cent for basic analysis. But for anything
complex or long-term, humans dominate by 9-to-1 margins.”...<<<Read More>>>
