Thursday, January 09, 2025

Wall Street needs to prepare for an AI winter - Dave Lee, Financial Review

Over the past several weeks, AI leaders have been choosing their words carefully. Google chief executive Sundar Pichai, speaking at a New York Times event, said he felt the “low-hanging fruit” had now been picked. Expanding on the point, he told Semafor: “As we go to this next level, you need more insightful breakthroughs.” Sam Altman, the co-founder and CEO of OpenAI, talks about how he still felt his company would reach “artificial general intelligence” but that it would “matter much less” than some observers might have previously thought. Superintelligence would be the great disruptor, he says – but it’s further away. Behind the scenes, several reports have suggested that OpenAI is struggling to conjure the great leaps in capability that had been expected.

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