Not buying the #AI hype? A Goldman Sachs report features experts who warn that massive AI #investments could disappoint without a game-changing use case. Daron Acemoglu estimates AI will impact less than 5% of human tasks and grow US GDP by just 0.9% in 10 years. Edward Zitron points to data shortages and unsophisticated models as major hurdles. Plus, AI’s power demands could outpace the current #energy grid.
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Zitron is skeptical about the economic benefits of AI. He suggests that the massive investments in AI by big tech companies might not yield the expected returns and could lead to an economic bubble.