Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI. During an appearance on podcaster Dwarkesh Patel's show this week, Nadella offered a reality check, arguing that OpenAI's long-established goal of establishing "artificial general intelligence," (AGI) an ill-defined term that roughly denotes the point at which an AI can best humans on an intellectual level, is nonsense. "Us self-claiming some AGI
The story is also not saying that AI generates no value, just that it’s not generating revolutionary change-the-world new-Industrial-Revolution levels of value.
But that’s exactly what Microsoft promised its shareholders and why they invested billions into it. They need world changing revenue to make it worthwhile.
Exactly. And that’s why people are misunderstanding the sentiment. Its not that AI doesn’t have value, its that it doesn’t have revenue. They want more return on investment before investing more.
I can criticize Microsoft all day, but that logic in itself isn’t bad business. Of course the counter argument is they have the money to float the difference until they turn a profit. But I’m not in the habit of saying how other people should spend their money.
They’re reaping what they sowed in zero-interest-rate days. Can’t really generate revenue when your user base is used to everything being free.
im doubtful these things could turn a profit if their price started to reflect their resource cost. has anyone actually come up with an application of AI so revolutionary that people wouldn’t happily abandon if it cost like $300/mo to use?