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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 9 months ago by [email protected] to c/technology

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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] [email protected] 74 points 9 months ago (1 children)

Right??? I swear every damn app is trying to shoehorn in some sort of AI nonsense just to hop on the bandwagon.

[–] deweydecibel 33 points 9 months ago* (last edited 9 months ago) (1 children)

A lot of them aren't actually implementing anything, they're just changing words on their product description.

Like a spell checking addon suddenly rebranding itself as "AI".

From the very start of all this, it never made sense to call any of this "artificial intelligence", but that marketing stuck, and now we're trying to retroactively apply it to very basic things like text suggestion, further diluting the meaning of the term.

[–] sir_reginald 5 points 9 months ago (1 children)

I agree with the first part of your comment, AI is the new buzzword.

But AI is the correct term for LLMs and other technologies using neural networks. That's what computer scientists have been calling them for decades. The sentient AI concept that we have comes from SciFi. I'd argue that the correct term is what experts have been calling it for years.

[–] LPThinker 1 points 9 months ago

This misses the fact that even the experts have been using “AI” to refer to whatever technology used to seem impossible, until it becomes commonplace. Before LLMs there were heuristic algorithms, and then expert systems, and then intelligent agents and then deep learning. As the boundaries of what is deemed achievable expand, the definition of AI moves to just beyond the frontier.