Technology

37720 readers

498 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

305

Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable (www.404media.co)

submitted 4 months ago by [email protected] to c/[email protected]

102 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 16 points 4 months ago (2 children)

If there’s one job I think AI could definitely replace, it’s crafting reports by investment bankers.

[–] [email protected] 5 points 4 months ago

Funny you should mention that McKinsey published a paper a few months back concluding that GenAI will take over most of the jobs in America because it was good at doing what McKinsey Associates do. Missed by the authors is that the job of a McKinsey associate is to confidently spout nonsense all day long and that's actually exactly what chatgpt is programmed to do.

[–] [email protected] 2 points 4 months ago

That is so funny.

chatgpt: "Artificial Intelligence (AI) represents a transformative investment opportunity, characterized by robust growth potential and broad applicability across industries. The AI market, projected to exceed $190 billion by 2025, offers substantial upside in sectors such as healthcare, finance, automotive, and e-commerce. As businesses increasingly adopt AI to enhance efficiency and innovation, associated firms are poised for significant returns. Key investment areas include machine learning, natural language processing, robotics, and AI-driven analytics. Despite risks like regulatory challenges and ethical concerns, the strategic deployment of capital in AI technologies holds promise for long-term value creation. Diversification within this space is advisable to mitigate volatility."