#AICrashOrComeback
AI Crash or Come Back
The term "AI crash" in the context of artificial intelligence, particularly generative AI, refers to the potential collapse of the current hype and investment surrounding AI technologies. Gary Marcus, in his Substack post from August 3, 2024, predicts that the AI bubble could collapse sooner than expected, possibly within days or weeks rather than months.1 This prediction is based on the recognition of limitations in current AI models, such as hallucinations and making stupid errors, which have been widely acknowledged.1
Paris Marx, in a Substack publication titled "What comes after the AI crash?", discusses how the tech industry is shaping the world without boosterism and bootlicking, hinting at a shift in the AI landscape.2
Brokentoys.org also discusses the "AI crash," emphasizing that current AI technologies, like large language models (LLMs), are not truly intelligent and are limited in their ability to make logical inferences or know whether a given piece of information is correct.3 The site further mentions that OpenAI, the maker of ChatGPT, is facing significant financial challenges and may lose around $5 billion this year.3
However, it's important to note that while the current hype around AI may diminish, the technology itself is not expected to disappear. Instead, there might be a shift towards more practical and less speculative applications of AI.13
Regarding whether AI will come back, the context does not provide a definitive answer but suggests that after a potential crash, AI might evolve into more useful and less flawed technologies.3 The future of AI is likely to involve a period of adjustment and refinement rather than a complete abandonment of the technology.13
AI Crash: Potential collapse of the current hype and investment surrounding AI technologies, possibly within days or weeks.13
AI Comeback: After a potential crash, AI might evolve into more practical and less flawed technologies.