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Trust in AI technology and the companies that develop it is dropping, in both the U.S. and around the world, according to new data from Edelman shared first with Axios.
Why it matters: The move comes as regulators around the world are deciding what rules should apply to the fast-growing industry. “Trust is the currency of the AI era, yet, as it stands, our innovation account is dangerously overdrawn,” Edelman global technology chair Justin Westcott told Axios in an email. “Companies must move beyond the mere mechanics of AI to address its true cost and value — the ‘why’ and ‘for whom.’”
Good. I hope that once companies stop putting AI in everything because it’s no longer profitable the people who can actually develop some good tech with this can finally do so. I have already seen this play out with crypto and then NFTs, this is no different.
Once the hype around being able to make worse art with plagiarised materials and talking to a chatbot that makes shit up died down companies looking to cash out with the trend will move on.
So I’m mostly in agreement with you and I’ve said before I think we’re at the “VR in the 80’s” point with AI
I’m genuinely curious about the legit use you’ve seen for NFTs specifically though. I’ve only ever seen scams
An NFT is pretty much just some data put on a blockchain, it has the same use case as most other blockchain tech: Data integrity and transparency. NFTs specifically could be useful as a framework for showing ownership of something, for example vehicle ownership could be stored in this manner. It would give you a history of previous owners and how old the vehicle is. My country has something like this but making inquiries for a vehicle’s history is pretty annoying and could be improved with this tech.
That’s a problem that’s already solved though. Nfts are really just a way for crypto bros to scam others.
As I said: Having the vehicle register stored on a blockchain would make it very easy to access a vehicle’s history. Currently you need to submit a request and it takes days for them to get back to you.
NFTs aren’t the solution to this, public read access to the database is.
A blockchain is a form of database that would be really good for this because of how it maintains all database transactions while being human readable easily. Most databases aren’t human readable and you need to design an interface for it. How NFTs are stored in blockchains is a good example of a very specific purpose that would make this better. Vehicle databases also don’t have a clear connection to previous owners and that data needs to be retrieved manually while a blockchain keeps every modification easily visible.
Obviously don’t use a blockchain used for speculative investment like Etherium but the government can just host their own without any stupid finance shit on it, just a database for vehicles.
Yes very human readable. All the “benefits” blockchain are in a properly managed database, but the database takes about the power of 3 or 4 lightbulbs to manage, the Blockchain takes as much power as Ireland.
Have you seen like an MSSQL database? That is a lot more readable and easier to display on a frontend. Also like every blockchain have an existing open source frontend you can redesign the look a bit and just use.
A blockchain to manage a database for vehicles takes as much resources as a classic database. What causes the huge and ridiculous power drain is mining, which is not something you would be doing for a database to store vehicles.
At one point I agreed but not anymore. AI is getting better by the day and already is useful for tons of industries. It’s only going to grow and become smarter. Estimations already expect most energy producted around the world will go to AI in our lifetime.
The current LLM version of AI is useful in some niche industries where finding specific patterns is useful but how it’s currently popularised is the exact opposite of where it’s useful. A very obvious example is how it’s accelerating search engines becoming useless, it’s already hard to find accurate info due the overwhelming amount of AI generated articles with false info.
Also how is it a good thing that most energy will go to AI?
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LLMs should absolutely not be used for things like customer support, that’s the easiest way to give customers wrong info and aggregate them. For reviewing documents LLMs have been abysmally bad.
For gammer it can be useful but what it actually is best for is for example biochemistry for things like molecular analysis and creating protein structures.
I work in an office job that has tried to incorporate AI but so far it has been a miserable failure except for analysing trends in statistics.
I agree about customer support, but in the end it’s going to come down to number of cases like this, how much they cost, versus the cost of a room of paid employees answering them.
It’s going to take actual laws forbidding it to make them stop.
Oh, yea, of course companies will take advantage of this to just replace a ton of people with a zero cost alternative. I’m just saying that’s not where it should be used as it’s terrible at those tasks.
A LLM is terrible for molecular analysis, AI can be used but not LLM.
AI doesn’t exist currently, that’s what LLMs are currently called. Also they have been successfully used for this and show great promise so far, unlike the hallucinating chatbot.
AGI Artificial General Intelligence doesn’t exist that is what people think of in sci-fi like Data or Hal. LLM or Large Language Models like CHAT GPT are the hallucinating chat bots, they are just more convincing than the previous generations. There are lots of other AI models that have been used for years to solve large data problems.
Pretty much anything Google is giving me says they are using deep learning LLMs in biology.
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The difference is that AI has some usefulness while cryptocurrencies don’t
Crypto has usefulness related to data transparency and integrity but not as a speculative investment and scams, just like AI is being used for shitty art and confidently incorrect chatbot.
Blockchain technology =/= Cryptocurrency
But I agree with you, the blockchain technology is amazing for transparency and integrity.