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Goldman Sachs estimates that further AI development will cost AT LEAST $1 TRILLION over the next several years. Interesting. So far, AI has failed to add anything of significant value. It’s all been Silicon Valley hype. MUCH ADO ABOUT NOTHING. https://t.co/KIry7673tt
Quoting some choice passages from the Goldman report cited by @404mediaco & circulated by @Abebab "Gen AI: Too Much Spend, Too Little Benefit?" As SO MANY ppl have been arguing for months, "the tech isn't designed to solve the complex problems that would justify the costs" https://t.co/ZFCJ6sToMv https://t.co/Nlg4IotfWe
Goldman Sachs says AI is too expensive and unreliable — firm asks if massive investments in 'overhyped' AI processing will ever pay off https://t.co/1mftKkz178 https://t.co/ThseFlVBAD
Goldman Sachs has released a report questioning the financial viability of ongoing investments in artificial intelligence (AI). The report, titled 'Gen AI: Too Much Spend, Too Little Benefit?', argues that AI technology is currently too expensive and unreliable, raising doubts about whether the massive investments in AI processing will ever pay off. The report estimates that further AI development will cost at least $1 trillion over the next several years. Analysts from Goldman Sachs and other firms like Sequoia have pointed out that AI has so far failed to solve complex problems that justify its high costs, labeling it as overhyped and lacking significant value. The report highlights that financially it makes no sense and timing of investments seldom sync in big tech waves.
