AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380 😂😂😂
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AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:
* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like this@nixCraft And they consumed all of the RAM and storage media in a coordinated action to force us into cloud storage and compute.
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@scotty86 @nixCraft As an example of machine learning being useful, see the following article, which mentions how machine learning has reduced the computational resources needed for some tasks.
https://science.psu.edu/news/machine-learning-takes-starring-role-in-exploring-universe
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@nixCraft They do, in fact, see "getting staff fired" & “stealing ... work" as "plus points" & are worth the harms caused. They are not concerned about growing the economy so much as 'maximizing shareholder value' & the corresponding boost to their bonuses.
@causticmsngo @nixCraft Not even that.
It's a bubble. They're not concerned about maximising long term shareholder value, which in most cases is their actual fiduciary duty (e.g. pension funds own a large proportion of the economy in many countries).
They're only concerned about temporarily boosting share prices. Which is **not** the same thing.
Because when the bubble bursts, they'll time it right and short it on the way down. Or so they hope.
Or, as CEO, they'll have moved on to another job by then.
And they temporarily boost share prices by jumping on the latest bandwagon, propping up the bubble for a while longer before it pops.
Meanwhile, "AI" drives new fossil fueled power stations, steals water as well as intellectual property, along with all the other harms it does.
Plus, fire and rehire as a bonus.
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@causticmsngo @nixCraft Not even that.
It's a bubble. They're not concerned about maximising long term shareholder value, which in most cases is their actual fiduciary duty (e.g. pension funds own a large proportion of the economy in many countries).
They're only concerned about temporarily boosting share prices. Which is **not** the same thing.
Because when the bubble bursts, they'll time it right and short it on the way down. Or so they hope.
Or, as CEO, they'll have moved on to another job by then.
And they temporarily boost share prices by jumping on the latest bandwagon, propping up the bubble for a while longer before it pops.
Meanwhile, "AI" drives new fossil fueled power stations, steals water as well as intellectual property, along with all the other harms it does.
Plus, fire and rehire as a bonus.
@causticmsngo @nixCraft On the upside, if Goldman Sachs is right, the bubble bursting might not lead to recession and a risk of a full blown financial crisis.
Which would be nice.
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AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:
* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like this -
AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:
* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like this- Enabling massive amounts of authoritarian fascist surveillance with minimal oversight where misidentification is, somehow, a bonus feature because uncertainty, fear, and absolutely no human accountability are extremely desirable by the ruling oligarchs and their pet politicians.
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@fnwbr @nixCraft Although other parts of the article quote analysts being cautiously positive about its impact on productivity in the most recent quarter and the general thrust seems to be that significant productivity gains may be more in the longer rather than shorter term. I’m not a lover of AI, but that is what the Fortune article is saying.
Those analysts are just hedging their bets and mostly just parroting the slop-machine companies' PR.
The supposed productivity and economic benefits are always "next year", "in two years" or "in three years" but they've been saying the same thing every year for four or five years now, and it never gets any closer, and never will, because LLM flaws are inherent - more data and compute fixes nothing.
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AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:
* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like thisWell. “Psychopaths are usually most present at higher levels of corporate structure, and their actions often cause a ripple effect throughout an organization”.
https://en.wikipedia.org/wiki/Psychopathy_in_the_workplace
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Well. “Psychopaths are usually most present at higher levels of corporate structure, and their actions often cause a ripple effect throughout an organization”.
https://en.wikipedia.org/wiki/Psychopathy_in_the_workplace
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AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:
* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like this -
As George Carlin would have said, "Results like this do not belong in the resume of a Supreme Inteligence, this is the kind of shit you'd expect from an office temp with a bad attitude."
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Ane so more dangerous, Stupid Skynet in Beerbreath's hands.
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G gambajo@social.tchncs.de shared this topic
