Ask AI to generate money 🤣
What they are trying to say is that open source and libre solutions have rendered their investments shitty.
But it destroys jobs!
I feel like the current AI stuff has been net negative. It prompted layoffs and hiring freezes, but then didn’t produce quality results.
But it isn’t about creating quality results. It is about creating good enough results where the cost of failure in AI over humans is lower than the cost of humans over AI.
He looks from company money perspective. And I think AI is difficult to monetize. A google paper explained a long time ago that big company cannot easily have a huge competitive advantage because new techniques exists in the open source world to learn incrementally on top of costly models. Mainly you don’t need millions to make another good quality LLM.
That being said. LLM add some value, but as everything hyped to no end the real value is negligible comparatively to the « market expected value ».
It gave CEOs an excuse to do layoffs even though they knew it would hurt their human capital long term, and that they would probably have to hire back a lot of those positions long term at higher wages. In the short terms it gave them a few quarters of increased profits. It also let them push out blatantly unfinished products on the promise of future improbable improvements. This will hurt companies reputations long term, but in the short term is let them juice the stock price.
They needed the increased profit and the pie in the sky growth promises to game the stock market, say all the right buzz words and show an improving price to earnings.
Sure they made the companies worse and less sustainable long term, but, they got huge compensation packages right now thanks to the markets, and they probably won’t be running these companies long enough to see the true fallout.
I hope the stock market craters.
We need to do away with capitalism completely, or put it on a very short leash.
I wish governments still believed in regulations instead of whatever this shit is.
Yeah, we need socialism /communism. Either would be better than this.
i think it’s a framing issue, and AI development is catching a lot of flak for the general failures of our current socio-economic hierarchy. also people having been shouting “super intelligence or bust” for decades now. i just keep watching it get better much more quickly than most people’s estimates, and understand the implications of it. i do appreciate discouraging idiot business people from shunting AI into everything that doesn’t need it, because buzzword or they can use it to exploit something. some likely just used it as an excuse to fire people, but again, that’s not actually the AI’s fault. that is this shitty system. i guess my issue is people keep framing this as “AI bad” instead of “corpos bad”
if the loom was never invented, we would still live in an oppressive society sliding towards fascism. people tend to miss the forest for the trees when looking at tech tools politically. also people are blind to the environment, which is often more important than the thing itself. and the loom is still useful.
compression and polysemy growing your dimensions of understanding in a high dimensional environment, which is also changing shape, comprehension growing with the erasure of your blindspots. collective intelligence (and how diversity helps cover more blindspots) predictive processing (and how we should embrace lack of confidence, but understand the strength of proper weighting for predictions, even when a single blindspot can shift the entire landscape, making no framework flawless or perfectly reliable.) and understanding how everything we know is just the best map of the territory we’ve figured out so far. if you want to know judge how subtle but in our face blindspots can be, look up how to test your literal blindspot, you just need 30 seconds a paper with two small dots to see how blind we are to our blindspots. etc.
more than fighting the new tools we can use, we need to claim them, and the rest of the world, away from those who ensure that all tools will only exist to exploit us.
am i shouting to the void? wasting the breath of my digits? will humanity ever learn to stop acting like dumb angry monkeys?
will humanity ever learn to stop acting like dumb angry monkeys?
Seems unlikely.
As to your broader point about the tools themselves not being bad, the root problem remains capitalism, or “a few people have unaccountable power over many”
My comment was going to be, let’s see if they really change their mind, but then I read “February 22, 2025”. So I already have my answer.
I don’t see where he admits what the headline claims.
He doesn’t. He says he cares more about generating growth (and thus presumably revenue) than about AGI.
Also, this thing is from February.
Social media sucks. Reporting on reporting sucks. News aggregators suck.
AI may suck, but it’s definitely not alone in being shitty. We’re all clearly very good at tool-less, artisanal misinformation.
On the plus side, at least on the instance I’m on I was automatically given a link to when this same story was posted here three months ago. Saves some effort.
I guess it depends on how much you do your homework. I just spent a while listening to Satya Nadella regurgitate self-congratulatory CEO-speak just to verify that yes, indeed, this link is gargbage. I feel entitled to at least a bit of resentment for that.
Ironically, the time I spent doing this was much shorter because the podcast that originates the blatant misquote has an AI-generated searchable transcript.
Even more ironically, you could probably shorten that time even more by having an AI analyze the transcript for you.
I’ve found Firefox’s Orbit extension to be quite handy whenever someone directs me to a 30-minute Youtube video as “proving” whatever point they’re trying to argue. I can pop it open and ask it to tell me what the video says about that point in just a few seconds. I wouldn’t use the AI summary as backing if I was doing surgery on someone, but for a random Internet argument it’s fine.
Victor Tangermann February 22, 2025 3 min read
Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI.
During an appearance on podcaster Dwarkesh Patel’s show this week, Nadella offered a reality check.
“Us self-claiming some [artificial general intelligence] milestone, that’s just nonsensical benchmark hacking to me,” Nadella told Patel.
Instead, the CEO argued that we should be looking at whether AI is generating real-world value instead of mindlessly running after fantastical ideas like AGI.
To Nadella, the proof is in the pudding. If AI actually has economic potential, he argued, it’ll be clear when it starts generating measurable value.
“So, the first thing that we all have to do is, when we say this is like the Industrial Revolution, let’s have that Industrial Revolution type of growth,” he said.
“The real benchmark is: the world growing at 10 percent,” he added. “Suddenly productivity goes up and the economy is growing at a faster rate. When that happens, we’ll be fine as an industry.”
Needless to say, we haven’t seen anything like that yet. OpenAI’s top AI agent — the tech that people like OpenAI CEO Sam Altman say is poised to upend the economy — still moves at a snail’s pace and requires constant supervision.
So Nadella’s line of thinking is surprisingly down-to-Earth. Besides pushing back against the hype surrounding artificial general intelligence — the realization of which OpenAI has made its number one priority — Nadella is admitting that generative AI simply hasn’t generated much value so far.
As of right now, the economy isn’t showing much sign of acceleration, and certainly not because of an army of AI agents. And whether it’s truly a question of “when” — not “if,” as he claims — remains a hotly debated subject.
There’s a lot of money on the line, with tech companies including Microsoft and OpenAI pouring hundreds of billions of dollars into AI.
Chinese AI startup DeepSeek really tested the resolve of investors earlier this year by demonstrating that its cutting-edge reasoning model, dubbed R1, could keep up with the competition, but at a tiny fraction of the price. The company ended up punching a $1 trillion hole in the industry after triggering a massive selloff.
Then there are nagging technical shortcomings plaguing the current crop of AI tools, from constant “hallucinations” that make it an ill fit for any critical functions to cybersecurity concerns.
Nadella’s podcast appearance could be seen as a way for Microsoft to temper some sky-high expectations, calling for a more rational, real-world approach to measure success.
At the same time, his actions tell a strikingly different story. Microsoft has invested $12 billion in OpenAI and has signed on to president Donald Trump’s $500-billion Stargate project alongside OpenAI CEO Sam Altman.
After multi-hyphenate billionaire Elon Musk questioned whether Altman had secured the funds, Nadella appeared to stand entirely behind the initiative.
“All I know is I’m good for my $80 billion,” he told CNBC last month in response to Musk’s accusations.
it’s producing no value either
It’s only a matter of time until this whole facade comes crashing down. I can’t wait to see OpenAI go out of business.
Fellow AI-haters should check out the newsletter and podcast of Ed Zitron.
The podcast is called “Better Offline” for anyone else searching.
I really like the 3 episodes I’ve listened to so far. Thanks for the rec!
Not sure if I’m learning much from it, but it’s nice to hear someone explaining what’s wrong with AI hype and stock-market-driven capitalism clearly.
Glad you’re enjoying it. He sometimes has interesting interviews, too. Especially with authors and journalists.
Fellow AI-haters should check out the newsletter and podcast of Ed Zitron.
If you’re not a hater and want a balanced and rationale take, don’t.
Just leave it. Don’t expect people to have a balanced mindset and you will lead a calmer life.
Challenging unbalanced mindsets may be important or even necessary, though.
There’s no rationa reason for spending billions of dollars on a technology that loses money and has no chance of delivering promises from a lying CEO.
Are you talking about a specific company or AI in general? Because first it sounded like the latter, but now it sounds like the former.
Both. The AI hype machine is overblown. OpenAI in particular is led by a lying bastard who pretends that statistical software can think.
yeah… no shit…
Today’s “AI” remind me of the versificator, both in terms of slop and in terms of lack of thought and creativity.
Whoa, that’s incredibly prescient.
This is from February
as others have pointed out, this article is from February, which is like a year ago in techbro-time. If Nadella truly meant what he said, Microsoft would have scaled back AI spending by now.
Hey don’t beat yourselves up guys, you still polluted the environment and wasted magnitudes of energy to come to this conclusion!
This is honestly a trash article. It can be summarized as:
“Microsoft, a trillion dollar corporation that makes around $150 billion in pure profit, every single year, is tempering expectations around AI, BUT then why are they still investing $12B dollars in it, that makes no sense!”.
Like, they’re tempering expectations around AGI revolutionizing the economy, not saying AI is trash and theres no value whatsoever in it.
It’s also from Feb.
I’ve been noticing a few articles lately that were several months old, yet commenters don’t seem to notice or care. I do often wonder what percentage of Lemmy is dead internet bots circle jerking about how bad AI is.
Eh, some people miss the initial news cycle on things. I can’t speak to why old articles are being shared, but as for the people engaging with them, I think thats totally normal.
