The business world has seen this movie before. In the year In 2017 it was called blockchain, and the technology was on the verge of changing everything, from military intelligence to iced tea makers. Today, it's artificial intelligence, and in 2010
Although AI hype is thought to have contributed to the resurgence of the S&P 500, however, OpenAI COO Brad Lightcap is happy to burst the bubble.
Lightcap's view, shared in a recent interview with CNBC, is that AI's impact on businesses can be overstated—especially when it comes down to increasing the bottom line.
“I think the exaggerated look can make a significant business difference at the same time,” he said. X million dollars spent outside of this cost line.
“There is almost no silver bullet answer,” Lightcap continues. “There's not one thing you can do with AI that will completely solve this problem.”
His more conservative take is gaining ground among AI industry leaders.
Yan Lekun, Chief AI Scientist at Meta, shared a glimpse into AI capabilities at the 10-year anniversary of Meta's Basic AI research team. He likens today's AI to “cat-level” or “dog-level” intelligence.
“Train a system to read text over 20,000 years old, and it still doesn't understand that if A is the same as B, then B is the same as A,” LeCun said, as reported by Decrypt.
Regulators are wary of AI's potential and are trying to adjust expectations. As previously reported by Decrypt, Christy Goldsmith Romero, Commissioner of the Commodity Futures Trading Commission (CFTC), highlighted the importance of balanced AI regulation in financial markets.
“Overreliance on a few AI models can lead to herd behavior,” warned Romero, emphasizing the importance of awareness and monitoring in AI-controlled services.
In fact, some experts believe that AI could add trillions of dollars to the economy, while others believe that AI could lead to the demise of humanity as we know it.
Lightcap's decision seems more moderate than even OpenAI CEO Sam Altman, who has been instrumental in influencing the way AI is controlled.
He says the path from AI to the inevitable Artificial General Intelligence (AGI) threshold is about enabling business transformations and the advancement of more intelligence. In the meantime, fans should see ChatGPT for what it is: not a substitute for real work and creativity, but a tool to enhance our capabilities.
“I don't know if it's the most surprising thing to everyone, but one of the best things we're seeing is ChatGPT working side-by-side in this regard,” he said. “Almost like a research assistant.”
Edited by Ryan Ozawa.
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