AI Deception: How Tech Companies Are Fooling Us

ColdFusion
15 Apr 202418:58

Summary

TLDR这段视频讲述了人工智能(AI)的炒作现象及其后果。从18世纪的机械土耳其人骗局到现代,一些公司宣称其技术由AI驱动,但实际上可能依赖于人工操作。视频指出,AI技术的过度宣传可能导致消费者不信任,并对真正在该领域工作的人员造成负面影响。讨论了AI在各行各业中的应用,包括其在提高效率和可能导致工作岗位减少的潜力。还提到了AI技术发展中的一些失败案例,以及一些公司如何成功地整合AI。视频最后强调,尽管AI技术取得了显著进步,但我们仍需对AI的承诺持谨慎态度,并关注其对工作和社会的长期影响。

Takeaways

  • 📜 18世纪匈牙利作家和发明家沃尔夫冈·冯·肯佩伦制造了一个名为“机械土耳其人”的自动下棋机器,这在当时是一个巨大的骗局,因为它实际上是由人在幕后操作的。
  • 🛒 亚马逊在2016年推出了名为“Just Walk Out”的结账系统,该系统允许顾客直接拿走商品并离开,而无需在收银台扫描商品。然而,该系统实际上是由印度的1000人团队手动审查交易来确保准确性的。
  • 📈 从2015年到2022年,全球企业对AI的投资增加了7倍,许多公司在AI热潮中看到了巨大的增长,这给其他公司带来了将AI整合到他们的商业模式或产品中以保持竞争力的压力。
  • 🚫 AI技术的一个不受欢迎的用途是它可以使诈骗者的工作变得更容易,AI可以帮助生成令人信服的文本,诱使人们点击钓鱼链接。
  • 💡 Aura是一家可以代表用户向数据经纪人提交退出请求的公司,以保护用户信息不被出售给垃圾电话和诈骗者。
  • 📉 根据高盛的数据,标普500指数中有创纪录的36%的公司在其第四季度收益报告中提到了AI,这表明即使是最大的公司也在夸大其AI产品的能力。
  • 🧐 AI领域的一个常见现象是AI洗牌(AI washing),即公司通过提供关于其AI产品的能力、局限性或风险的误导性信息来制造虚假热潮。
  • 💻 一些公司声称他们的AI技术可以预测公司和行业趋势,但实际上并没有这样的能力,例如加拿大投资公司Delia因虚假宣传其AI能力而被美国证券交易委员会罚款。
  • 📊 尽管一些评论家认为我们正处于AI泡沫之中,但像马克·库班这样的投资者认为,由于AI领域缺乏IPO和没有内在价值的公司上市,我们并不处于泡沫之中。
  • ⚖️ AI技术的核心能力是模仿认知劳动,这是以前任何技术在没有人类干预的情况下都未曾实现的,这可能会使当前的AI热潮与以往的技术泡沫有所不同。
  • ❌ 一些公司匆忙推出AI产品或用AI取代人类,但这些尝试经常失败,例如一家快递公司启用的AI在线聊天不仅无法回答问题,还对客户进行了侮辱。
  • ⏳ 尽管有关AI将在未来十年创造数亿就业机会并积极影响GDP的报道,但目前看来,AI正在取代工作,而不是创造工作,特别是在技术行业之外,如媒体和娱乐行业也开始感受到AI的影响。

Q & A

  • 什么是Mechanical Turk?

    -Mechanical Turk是1770年由匈牙利作家和发明家沃尔夫冈·冯·肯佩伦制造并展示的一台自动下棋机器。在欧洲的演示中,这台机器赢得了大多数对局,甚至据说击败了拿破仑和本杰明·富兰克林等玩家。然而,实际上这是一个骗局,机器下面有人秘密操作。

  • 亚马逊的Just Walk Out系统是如何工作的?

    -亚马逊的Just Walk Out系统允许顾客在商店中拿走商品后直接离开,无需在收银台手动扫描商品。该系统后台由AI自动处理交易和物流。然而,实际上这个所谓的AI技术是由印度的1000人在观看和标记视频以确保准确的结账。

  • AI在广告中被过度使用的现象被称为什么?

    -AI在广告中被过度使用的现象被称为AI洗牌(AI washing)。这是指公司通过提供关于其AI产品或服务的能力、局限性或风险的误导性信息来制造虚假的热潮,或者简单地全面撒谎。

  • 全球企业在AI上的投资从2015年到2022年增加了多少?

    -从2015年到2022年,全球企业在AI上的投资增加了七倍。

  • AI处理器(如NPU)在PC和笔记本电脑中的作用是什么?

    -AI处理器,如神经处理单元(NPU),是专门为AI任务设计的专用处理器。它们在个人电脑和笔记本电脑中变得越来越普遍,旨在提高AI相关任务的处理速度和效率。

  • AI技术可能带来的一个负面用途是什么?

    -AI技术的一个负面用途是它可以使诈骗者的工作变得更容易。AI可以帮助生成令人信服的文本,试图诱使人们点击钓鱼链接,还有垃圾邮件和自动电话。

  • 为什么一些公司在AI产品推出后会不断尝试挽回面子?

    -一些公司在AI产品推出后会不断尝试挽回面子,因为它们可能过度夸大了AI产品的功能,导致消费者对产品的实际效果感到失望,从而损害了公司的信誉。

  • AI泡沫一词是如何与2000年的.com泡沫相比较的?

    -AI泡沫一词与2000年的.com泡沫相比较,因为人们担心AI行业可能会出现类似的过度投资和过度炒作,最终导致市场崩溃。但与.com泡沫不同,AI技术具有真正的潜力,因为它能够模仿认知劳动。

  • Gartner炒作周期是什么?

    -Gartner炒作周期是一个描述新兴技术如何被人类过度热情接受的模式。它包括技术被过度估计和过度炒作,直到市场崩溃,之后真正有价值的公司会出现并推动新技术的发展,直到技术成熟。

  • 为什么一些公司在AI的帮助下进行裁员?

    -一些公司在AI的帮助下进行裁员,因为AI可以提高工作效率,使得更少的员工能够完成更多的工作。此外,公司可能不愿意公开承认AI在裁员中的作用,因为这与他们之前对AI的积极宣传相矛盾。

  • AI对就业市场的真实影响是什么?

    -AI对就业市场的真实影响是复杂的。虽然有些工作可能会被AI取代,但AI也可能创造新的工作机会。然而,低技能和低工资的工作更有可能受到AI的影响,而STEM、医疗保健和专业领域可能会继续增加就业机会。

  • 为什么AI技术在某些情况下可能无法实现其承诺的效益?

    -AI技术在某些情况下可能无法实现其承诺的效益,因为AI的发展和应用可能受到技术限制、市场误解、公司内部管理问题以及社会和法律因素的制约。此外,AI技术的实际效果可能被过度夸大,导致公众对AI的期望过高。

Outlines

00:00

🎭 机械土耳其人与现代AI的欺骗

本段主要讲述了历史上著名的机械土耳其人——一种18世纪的自动下棋机器,以及它实际上是如何通过人在内部操作来欺骗观众的。视频进一步对比了亚马逊在2016年推出的“即走即付”系统,该系统声称使用AI技术自动化结账流程,但实际上背后有1000名员工在印度手动审查交易。这揭示了AI技术宣传与实际应用之间的差异,以及这种误导性广告可能对公众信任和AI行业造成的负面影响。

05:02

📈 AI炒作与AI洗涤

这一段深入探讨了AI炒作现象,即公司通过夸大或误导性的信息来夸大其AI产品的能力,从而误导投资者。提到了高盛报告中指出的S&P 500公司中有36%在财报中提到AI的趋势,以及全球企业AI投资的增长。同时,也提到了一些公司因为虚假宣传AI能力而受到法律惩罚的案例,以及消费者对AI产品的失望感,特别是在AI功能尚未成熟的情况下。

10:02

📉 AI泡沫与Gartner炒作周期

此段落讨论了AI技术当前可能处于Gartner炒作周期的“期望的顶峰”阶段,并可能正进入“幻灭的低谷”。说明了AI技术的实际应用将在炒作和疲劳消退之后到来。同时,也提到了一些AI失败的案例,比如DPD快递公司的AI聊天机器人无法提供有用回答,反而侮辱客户和雇主。此外,还提到了AI成功整合的公司,以及AI对就业市场的潜在影响,包括可能取代人类工作的担忧。

15:06

🛠️ AI对就业市场的影响

最后一段讨论了AI对就业市场的直接影响,包括一些大型科技公司如IBM和UPS在裁员时提到的AI因素。提到了技术行业以外的领域,如媒体制作,也对AI可能取代人类工作表示担忧。同时,也指出了一些行业如STEM、医疗保健和建筑业可能会继续增长。最后,强调了AI技术进步的积极面,并承诺将制作一个关于AI积极影响的视频,以平衡对AI的批评。

Mindmap

1770年由沃尔夫冈·冯·肯佩伦制造
表面上是自动下棋机器,实则人为操作
机械土耳其人
2016年推出,标榜为AI技术
实际上依赖印度千人团队手动审核
亚马逊的Just Walk Out技术
历史与现代的比较
与互联网泡沫和加密货币热潮比较
市场对AI技术反应过度,可能导致失望
AI泡沫
AI技术被过度宣传
实际应用中存在缺陷和失败案例
AI在商业中的应用
AI的炒作与现实
AI导致大规模裁员
技术进步可能取代某些职位
工作取代
提高工作效率
创造新的工作机会
AI的积极应用
AI技术的社会影响
当前AI处于期望膨胀的顶峰
未来可能进入幻灭低谷
加德纳技术炒作周期
模仿认知劳动的独特能力
长期看可能带来真正的变革
AI的长期潜力
AI的未来展望
个人信息被卖给诈骗者和垃圾邮件发送者
消费者难以控制自己的数据
数据泄露和信息滥用
代表消费者向数据经纪人提交退订请求
提供综合性的网络安全解决方案
Aura公司的作用
消费者保护与数据隐私
人工智能的现实与挑战
Alert

Keywords

💡Mechanical Turk

机械土耳其人是18世纪由匈牙利作家和发明家沃尔夫冈·冯·肯佩伦制造的一种自动下棋机器。它在欧洲各地的演示中赢得了多数对局,甚至传说击败了拿破仑和本杰明·富兰克林等名人。然而,实际上这是一场骗局,机器下面有人秘密操作。在视频中,它被用来比喻一些公司宣称的AI技术实际上可能并不如宣传的那样完全自动化。

💡AI Washing

AI洗涤是指公司通过提供关于其AI产品或服务的能力、局限性或风险的误导性信息来制造虚假热潮,误导投资者。视频中提到,即使是世界上最大的公司也在过度使用AI这一术语,而没有实际的成果来支持他们的说法。

💡Just Walk Out Technology

即走技术是亚马逊推出的一种结账系统,允许顾客从商店拿走商品并直接离开,而无需在收银台手动扫描商品。该系统背后由AI自动处理交易和物流。然而,视频中揭示了实际上这项技术是由印度的1000人手动审查交易来支持的,这与宣传的完全自动化的AI技术有所出入。

💡Data Brokers

数据经纪人是购买和销售个人信息的公司,这些信息可能被用于垃圾电话、钓鱼链接和其他诈骗行为。视频中提到,赞助商Aura可以代表用户识别数据经纪人并提交退订请求,以保护用户的个人信息不被滥用。

💡Neural Processing Unit (NPU)

神经处理单元(NPU)是专门为AI任务设计的专用处理器,它们在个人电脑和笔记本电脑中变得越来越普遍。然而,视频中提到,尽管微软宣称我们已经进入了AI PC的时代,但当前的这些产品在实际应用中并没有达到预期的效果,例如生成的图像质量很差。

💡AI Bubble

AI泡沫是指AI技术被过度炒作,可能会导致投资者失望并最终导致市场崩溃的现象。视频中讨论了AI技术是否正处于高估其影响的阶段,并可能进入幻灭之谷。

💡Gartner Hype Cycle

高德纳炒作周期是一个描述新兴技术如何被过度热情接受,随后市场崩溃,最终由真正有价值的公司推动技术成熟的模型。视频中提到,AI可能正处于这一周期的顶峰预期阶段,并可能很快进入幻灭之谷。

💡AI-Generated Content

AI生成内容是指使用AI技术自动创建的文章、诗歌或其他形式的内容。在视频中,有一个例子是关于一个在线聊天机器人,它未能有效回答客户的问题,反而提供了一首诗并咒骂了用户,展示了AI在实际应用中可能存在的问题。

💡Job Automation

工作自动化是指使用技术,特别是AI,来执行原本由人类完成的工作。视频中讨论了AI可能导致的工作岗位减少,以及这对低技能和高技能工人的不同影响。

💡AI in Customer Service

在客户服务中使用AI指的是利用AI技术来提高服务效率和质量。然而,视频中提到了AI在实际应用中的一些失败案例,如一个在线聊天机器人不仅未能有效回答问题,还提供了不恰当的回应。

💡AI and Job Displacement

AI和工作置换是指AI技术可能取代某些工作岗位,导致工人失业。视频中提到,尽管有些公司宣称AI将创造更多工作而不是取代工作,但实际上,AI正在导致一些技术相关行业的大规模裁员。

💡AI Ethics

AI伦理是指在AI技术的开发和应用中考虑道德和社会责任。视频中虽然没有直接提到AI伦理,但从对AI技术可能带来的负面影响的讨论中可以推断出,AI伦理是当前AI发展中一个重要但经常被忽视的方面。

Highlights

1770年,匈牙利作家兼发明家沃尔夫冈·冯·肯普伦制造并展示了一个名为“机械土耳其人”的自动下棋机器,该发明在欧洲的演示中赢得了大多数对局。

机械土耳其人实际上是一个骗局,有人秘密地在桌子下操作机器。

2016年,亚马逊推出了名为“Just Walk Out”的结账系统,允许顾客从商店拿走商品后直接离开,而无需手动扫描商品。

亚马逊所谓的AI技术实际上是由印度的1000人观看和标记视频来确保准确的结账。

到2022年,这些员工仍在手动审查亚马逊Go商店70%的交易。

公司经常在广告中遗漏关键信息,误导消费者。

AI技术的一个不受欢迎的用途是它可以使诈骗者的生活变得更容易,AI可以帮助生成令人信服的文本,诱使人们点击钓鱼链接。

数据经纪人通过出售个人信息给垃圾电话和诈骗者而赚取巨额利润。

Aura公司可以代表用户识别数据经纪人并提交退出请求,以保护用户免受在线威胁。

AI在智能手机、LinkedIn、当地政府网站上的应用越来越广泛,许多组织都会宣称其产品或服务由AI提供动力。

AI洗牌是指公司通过提供关于其AI产品或服务的能力、限制或风险的误导性信息来制造虚假热潮。

高盛报告称,创纪录的36%的标普500公司在其第四季度收益报告中提到了AI。

2015年至2022年,全球企业对AI的投资增加了七倍。

加拿大投资公司Delia声称拥有预测公司和行业趋势的AI,尽管没有这样的能力,最终因虚假广告和误导性声明被罚款22.5万美元。

AI处理器(如NPU)在PC和笔记本电脑中变得越来越普遍,但消费者对当前产品的AI功能并不满意。

AI洗牌可能导致客户不信任,甚至破坏那些在该领域进行合法工作的人的声誉。

AI技术的核心能力是模仿认知劳动,这是以往任何技术在没有人类干预的情况下都未曾实现的。

一些公司匆忙推出AI产品或用AI取代人类,但这些做法往往失败,例如DPD快递公司启用的AI在线聊天无法有效回答问题。

AI的成功整合案例表明,AI并非总是如CEO所承诺的那样有用,而是被低估了。

自2022年以来,技术相关裁员数量显著增加,这表明AI在裁员中发挥了比CEO们愿意承认的更大的作用。

AI可能不会取代人类,但会增强那些利用AI的人的能力,而那些不利用AI的人将被取代。

到2030年,大约有1200万美国工人可能需要转换工作,低收入工人更有可能受到影响。

尽管有关AI将在未来十年增加数亿工作岗位并积极影响GDP的报道,但当前的情况表明,AI可能会在许多人尚未意识到的情况下改变工作。

Transcripts

00:00

this video is brought to you by Aura hi

00:03

welcome to another episode of Cold

00:04

Fusion in 1770 Hungarian author and

00:08

inventor wolf Gan Von kemplin built and

00:10

unveiled a self-operating chess playing

00:13

machine called The Mechanical Turk in

00:15

demonstrations around Europe his chess

00:17

playing invention won most of its games

00:19

against actual human chess players and

00:21

it's even said that it went on to beat

00:23

players like Napoleon and Benjamin

00:25

Franklin naturally The Invention was

00:27

extremely popular a Marvel of its day

00:30

however it was actually just some guy

00:32

under the table secretly operating the

00:34

machine in other words it was a hoax

00:37

some 250 years later in 2016 Amazon

00:41

pulled a similar stunt their checkout

00:43

system called just walk out allowed

00:45

customers to Simply grab items from the

00:47

store and leave under this system

00:49

customers didn't have to manually scan

00:51

their items at the checkout the

00:53

transactions and Logistics were

00:55

automatically taken care of behind the

00:56

scenes by AI An Elegant combination of

00:59

Compu Vision sense of fusion and deep

01:02

learning or was it just like the

01:04

Mechanical Turk all was not as it seemed

01:07

Amazon's so-called AI technology was

01:10

actually powered by a thousand people in

01:12

India watching and labeling videos to

01:14

ensure accurate checkouts now humans

01:16

labeling data is often how AI models are

01:19

first trained and that's fine but the

01:21

point is the advertising was misleading

01:24

even by 2022 these 1,000 people were

01:27

still manually reviewing 70% of of

01:30

transactions in 20 Amazon go stores 40

01:33

Amazon fresh grocery stores and two

01:35

Whole Food

01:37

stores although some saw it as dystopian

01:40

Amazon promoted their just walkout

01:42

technology as a utopian magical solution

01:45

powered by Ai and here in lies the

01:47

problem companies often leave out

01:49

critical information in the fine print

01:51

it wasn't until 2023 that Amazon mention

01:54

the use of the a thousand people in

01:55

India and it gets worse according to a

01:58

report by the information other

02:00

companies were swindled too quote 30

02:02

stores operated by other companies in

02:04

the US sports stadiums 12 airports and

02:07

one University all used Amazon's walk

02:10

out

02:11

technology and this is where things

02:13

become murky when companies promis

02:15

revolutionary technology but don't

02:17

follow up on them it creates distrust

02:19

but it can even spoil it for those who

02:21

are doing legitimate work in the field

02:23

with the AI Revolution that we've seen

02:25

over the past couple of years there

02:26

needs to be a more critical look at

02:28

what's happening with AI in this episode

02:30

we'll see the reasons for the AI hype

02:32

and its consequences we'll look at if

02:34

there is indeed an AI bubble and what

02:36

real world impact that might be having

02:38

this includes companies releasing

02:40

half-baked AI products but also

02:42

simultaneously replacing actual humans

02:44

with AI it's a dichotomy of the industry

02:46

so sit back and relax as we make sense

02:48

of it

02:51

all you are watching C Fusion

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TV one use of AI technology that

02:59

absolutely nobody is thrilled about is

03:01

the fact that it can make scammers lives

03:02

easier AI can help generate convincing

03:05

texts that try to trick you into

03:06

clicking a fishing link and then there's

03:08

the spam emails and Robo calls you've

03:10

all experienced it but why does it

03:12

happen it's because your information has

03:14

been sold to data Brokers they're making

03:16

a fortune from selling your information

03:18

to robocallers and scammers they can

03:20

know a lot about you including your name

03:22

phone number and address but there's a

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trial offer only available in the United

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States okay so let's

04:08

continue no it's not just you the term

04:11

AI is really being thrown around

04:13

everywhere for older cold fusion viewers

04:15

you'd know that I've been covering AI

04:17

for the good part of a decade now before

04:19

2022 the word artificial intelligence

04:22

was limited to Industry verbage in

04:24

obscure research papers the general

04:26

public didn't know or care and even as

04:29

late as 21 when I covered gpt3 there was

04:32

a lot of people that thought I was just

04:33

making it up how could a computer

04:35

possibly talk like that well as you all

04:38

know after 2022 especially following the

04:41

launch of chat GPT it was a different

04:43

story from your smartphone to LinkedIn

04:46

to your local government site a lot of

04:48

organizations today will boast the term

04:50

powered by

04:52

AI while in a lot of cases it makes

04:55

sense the overuse of the term and it

04:57

being thrown around so casually is a

04:59

symptom of something called AI

05:02

washing AI washing simply put is when

05:05

companies create a fake buzz and mislead

05:07

investors by providing manipulative

05:09

information about the capabilities

05:11

limitations or risks of their AI

05:13

products or simply wholesale lie about

05:16

how and when they're using AI according

05:19

to Goldman Sachs a record 36% of S&P 500

05:22

companies mentioned AI in their Q4

05:24

earnings reports if the biggest

05:26

companies in the world are hyping it up

05:28

there's no doubt that small companies

05:30

are following suit and some without

05:31

tangible results backing up their claims

05:34

and the Investments are there to match

05:35

too from 2015 to 20122 Global corporate

05:39

AI Investments have increased seven

05:41

times a lot of companies have seen

05:43

tremendous growth in the recent AI hype

05:46

and this puts pressure on other

05:47

companies to integrate AI into their

05:49

business model or their products in

05:50

order to compete and that's even if it's

05:52

not really AI Monkey C Monkey Do For

05:56

example the Canadian investment firm

05:58

Delia claimed that that had built an AI

06:00

to predict upcoming companies and

06:02

Industry Trends despite not having any

06:04

such capabilities the SEC caught wind of

06:07

the scam and has since ordered them to

06:09

pay

06:10

$225,000 and this was for false

06:12

advertising and misleading statements

06:14

about the use of AI and I have a feeling

06:16

that this is just the start I previously

06:18

talked about the wire card fraud where

06:20

CEO Marcus Brawn boasted about having

06:23

Advanced proprietary AI throughout their

06:25

fintech products and services in reality

06:27

it was just spreadsheets in the end

06:30

there was $2 billion missing from the

06:32

books but that was a story for a

06:33

different day you might have also heard

06:35

about the npu or neural Processing Unit

06:38

it's a dedicated processor specifically

06:41

designed for AI tasks among other things

06:44

they're becoming increasingly common in

06:46

the world of PCS and laptops and

06:47

Microsoft has even claimed that we're

06:49

now in the age of the AI PC but recent

06:53

reviews of the current crop of these

06:54

products have left consumers with a bad

06:56

taste in their mouth let's talk a bit

06:58

more about AI yes the Snapdragon

07:00

processors dominate here but AI is still

07:03

very nent many people either won't use

07:05

these tasks all that much or these tasks

07:08

themselves just don't work that well yet

07:10

for example they demo generating images

07:12

of animals and they highlighted how fast

07:14

the processes were versus Intel but when

07:17

I look closely at the images generated

07:19

they were all garbage the AI dogs all

07:21

had very lopsided eyes so who cares if

07:24

one of these processors is faster than

07:26

the other if they are both generating

07:27

garbage right now I just wouldn't advise

07:30

anyone buy a laptop based on its AI

07:32

capabilities a news analyst from

07:34

computer world has mentioned that these

07:36

AI PCS aren't quote all they cracked out

07:39

to be and if you're expecting something

07:40

transformative when you buy one from the

07:42

start of 2024 you're going to be

07:43

disappointed they might one day deliver

07:45

a lot of cool features just not yet end

07:48

quote but are there consequences of such

07:50

misplaced promises other than distrust

07:53

from customers companies that Miss The

07:55

Mark with AI product launches are

07:56

constantly trying to save face even the

07:59

most popular companies in the world are

08:00

not immune to mistakes perhaps the

08:03

biggest consequence of AI washing is a

08:05

certain b word that might be lurking

08:07

around the

08:10

corner almost as soon as AI started

08:12

going Uber mainstream from late 2022 a

08:15

lot of people immediately liken the

08:17

phenomenon to the dotom bubble or even

08:19

the crypto Fiasco in fact some people

08:22

still do today even when we talk about

08:24

the.com Bubble it's not the worldwide

08:26

web that was the problem because of

08:28

course you're using a right now instead

08:30

it was mostly the e-commerce side of

08:32

things which over promised reeling in

08:34

investors but underd delivered leading

08:36

to a crash when everyone realized that

08:38

the companies that they invested in

08:39

weren't making any

08:42

money with AI there's no doubt that

08:44

we'll see some more investment in the

08:46

space and Monumental growth too

08:48

according to Oppenheimer no not the one

08:50

you're thinking of who's a chief Global

08:52

Equity strategist at Goldman Sachs

08:54

research quote we believe we are in the

08:57

relatively early stages of a new

08:59

technology cycle that is likely to lead

09:01

to further outperformance end quote

09:03

Nvidia who designs the chips that are

09:05

powering big Tech's AI Revolution is

09:07

tentative proof of this their stock is

09:09

up 80% this year alone perhaps excessive

09:12

but it's indicative of what the market

09:14

thinks of AI Mark Cuban who made his

09:17

fortune during the era also doesn't see

09:19

AI as a bubble in a recent interview

09:21

with Lex fredman he expressed that the

09:23

biggest sign that we're not in a bubble

09:25

is the lack of IPOs in the AI sector

09:28

also the absence of companies with no

09:30

intrinsic value going public and the

09:32

lack of quote funky AI companies is a

09:34

key indicator he noted that the current

09:36

market doesn't exhibit such

09:38

characteristics and I think that I

09:39

largely agree with that there's

09:41

obviously some bad players in the

09:43

industry who are just trying to make a

09:44

quick Buck but there might be more to it

09:47

and here's what I mean there's a known

09:48

pattern for emerging Technologies called

09:50

the Gartner hype cycle it describes how

09:53

humans tend to be overzealous about a

09:54

new revolutionary technology we

09:57

overestimate and overshoot its impact

09:59

hype it up until the market crashes and

10:02

after the crash the real companies with

10:04

the real value come through and

10:06

spearhead the development of the new

10:08

technology until it's mature if we look

10:10

at the Gardner hype cycle for AI it

10:12

seems like we're at the closing stages

10:14

of the peak of inflated expectations and

10:17

are slowly entering the trough of

10:18

disillusionment this interpretation of

10:21

the current market means that there's

10:22

going to be a lot of disappointment

10:23

ahead the real applications of AI will

10:26

come after the hype and fatigue Fades

10:29

but but this time could be a little bit

10:30

different because at its core AI has the

10:33

ability to mimic cognitive labor a

10:35

change that no previous technology has

10:37

been able to do without intrinsic human

10:40

intervention whereas as pointed out in a

10:42

previous podcast episode during the dot

10:45

bubble there were a lot of people simply

10:46

making a random website and going public

10:49

and investors would throw money at

10:50

anything with a do at the end of its

10:56

name there's been a lot of organizations

10:58

that have been ring to launch AI

11:00

products or replace humans with AI

11:02

altogether but the ones who are hastily

11:04

adding the ever popular quote powered by

11:06

AI gimmick are failing badly and there

11:09

have been some spectacular AI failures

11:11

for example a parcel delivery firm

11:14

called dpd enabled an AI online chat for

11:17

answering questions for One customer it

11:19

was not only useless at answering

11:21

relevant questions regarding his order

11:23

but instead when asked it provided him

11:25

with a poem and swore at him this

11:27

amazing poem came forth about a dpd

11:29

chatot who who wasn't able to do

11:32

anything it was quite amazing it

11:33

appeared to even disregard its own rules

11:36

and started swearing and even started

11:38

dissing its own employer adding dpd is

11:41

the worst delivery firm in the world I

11:43

would never recommend them to anyone in

11:46

Australia a group of academics used AI

11:49

generated material as part of their

11:50

complaint submission to the Australian

11:52

parliament against four of Australia's

11:54

biggest banks of course the AI made up a

11:57

whole bunch of information including SC

11:59

scandals that never existed and

12:00

implicating deoe when they had nothing

12:02

to do with the original complaint

12:04

someone on the team didn't read the

12:05

entire submission before it went to the

12:07

Australian government so it was a huge

12:08

embarrassment and the academics were

12:10

forced to apologize this is just one of

12:12

many examples and I'm going to include a

12:14

website that keeps a running tab of

12:16

these AI blunders but on the other hand

12:19

there are companies who are integrating

12:21

AI successfully and this is where we

12:24

come to the other kind of broken promise

12:26

when it comes to AI it's not CEO's over

12:28

promising ai's usefulness but under

12:30

promising instead in other words we were

12:33

told that AI would be our assistant and

12:35

create new jobs not replace us but what

12:38

if that's just not true not about

12:40

replacing the human in the loop in fact

12:42

it's about empowering the human like

12:45

it's an assistant it's an assistant this

12:46

clip from SAA is a bit hard to believe

12:48

now even though later he did mention the

12:50

flip side yes I'm sure a lot of us use

12:53

chat GPT to help get work done on

12:56

personal projects but AI eventually

12:58

creating more jobs than it would replace

13:00

maybe not so fast you may have noticed

13:03

that since 2022 there's been a lot of

13:06

tech related layoffs The Narrative is

13:08

that this is happening due to the over

13:10

hiring during the pandemic times and

13:12

that would make sense for 2022 and even

13:14

2023 but in 2024 we're still seeing Mass

13:18

layoffs now if companies were just

13:20

struggling to make a profit the

13:22

explanation would be as simple as the

13:23

common business cycle but strangely some

13:26

of the biggest companies in the world

13:27

are seeing record profits they're almost

13:29

cyclically shedding

13:31

workers according to reports tech

13:34

companies fired 165,000 people in 2022

13:38

260,000 in 2023 and so far the

13:41

projection is 270,000 in 2024 so if

13:45

companies are doing fine why are workers

13:47

being kicked out the door well marketing

13:49

professor and author Scott Galloway

13:51

thinks quote there's something else

13:54

going on end quote in his recent blog

13:56

post dissecting the impact of AI on

13:59

corporations he mentions quote AI is

14:02

playing a larger role in layoffs than

14:03

CEOs are willing to admit end quot the

14:06

normal way we think about Job

14:07

Replacements caused by AI is that Joe

14:10

blogs is working at his computer

14:12

analyzing company figures or something

14:13

like that and then suddenly the next day

14:15

he's replaced by an AI but the truth is

14:18

it's a bit more nuanced than that as

14:21

companies slowly get better at

14:23

understanding how AI can Aid in their

14:24

operations they'll create better teams

14:26

and structure with higher outcomes

14:29

basically instead of three people doing

14:31

the work of three you'll have one person

14:33

doing the work of five with AI the

14:36

problem is that none of these companies

14:38

are being sincere about it because if

14:40

you're a CEO and you've been hyping up

14:42

AI as the single greatest thing to

14:43

happen to the industry and then you

14:45

follow it up with a memo that you've

14:46

laid off 30% of your staff because of AI

14:49

the hypocrisy becomes clear but in 2024

14:52

it seems like the truth is slowly coming

14:54

out and there's hints everywhere IBM

14:56

made headlines when CEO arvind chrish

14:59

mentioned that they're planning to pause

15:00

hiring roles that could be replaced with

15:02

AI same with UPS where recently their

15:05

CEO Carol Tom acknowledged that AI is

15:08

playing a part in employee layoffs and

15:10

this came after UPS had the largest

15:12

layoff in its 116e history 12,000

15:16

workers in both cases spokes people

15:19

later clarified saying quote AI is not

15:22

replacing workers end quote which is

15:24

basically PR talk to save face in fact a

15:27

Shopify employee broke their

15:29

non-disclosure agreement to expose that

15:31

the company has been secretly firing

15:33

employees because of AI the shift is

15:35

even having an impact far outside the

15:37

tech industry TV and media producer

15:40

Tyler Perry was building an $800 million

15:43

Studio expansion but paused its

15:44

construction after he saw the results of

15:46

open aiora an AI video generator he made

15:50

the remark quote I am very very

15:53

concerned that in the near future a lot

15:54

of jobs are going to be lost end quote

16:00

in the last couple of years you probably

16:02

would have heard this phrase a bit AI

16:04

will not replace humans but humans who

16:06

utilize AI replace humans who don't

16:08

there's definitely some truth to it but

16:10

some jobs will be at risk regardless we

16:13

don't have to imagine this it is already

16:14

happening Mega caps like meta and

16:16

alphabet they are shrinking their

16:18

workforces and and shrinking their

16:20

hiring it's this idea that senior AI

16:22

researchers or data analysts they can do

16:24

more with Gen than an army of Junior

16:27

Engineers who code a recent report from

16:30

Mackenzie found that around 12 million

16:32

us workers may need to switch jobs by

16:34

2030 lower wage workers are 14 times

16:37

more likely to be impacted stem

16:40

Healthcare Builders and professional

16:42

Fields will continue to add jobs but

16:44

generative AI could change work

16:46

significantly for occupations like

16:48

customer service and sales and office

16:50

support there's been repeated reports of

16:52

how AI will be adding hundreds of

16:54

millions of jobs in the next decade and

16:56

how it's going to positively impact GDP

16:59

while by some miracle this could happen

17:01

right now as has been the case in many

17:03

times in history the train will leave

17:05

the station without telling us whether

17:06

we're aware to jump on board or not is

17:08

the

17:11

question so wrapping this all up I do

17:14

have to mention that in no way am I

17:16

saying that all forms of AI and all of

17:18

these giant corporations are elaborate

17:20

hoaxes in fact on this channel I've been

17:23

making videos about AI progress for the

17:25

better part of a decade now and I've

17:26

seen exponential progress right in front

17:28

of my eyes and so will many of you we

17:31

may have hit a temporary bottleneck when

17:32

it comes to compute but all it takes is

17:34

a breakthrough in model efficiency and

17:36

the curve continues upwards but I just

17:38

think that it's important to still have

17:39

a cautious approach when it comes to

17:41

looking at all sides of a story I'm also

17:43

working on a video that's all about the

17:45

positive real life impacts of AI so

17:47

hopefully that's going to balance things

17:49

out a

17:50

bit so far it seems like the promises of

17:52

AI are yet to be fully realized whether

17:55

that's creating and not taking jobs

17:57

solving Global issues or even providing

17:59

us with a Dependable AI customer service

18:01

spot that doesn't swear at us with such

18:04

big and bold promises from these

18:05

companies over the years it's important

18:07

for all of us to ask ourselves do we

18:09

have technological gold a trojan horse

18:12

or a chess master hiding under a

18:16

table anyways that's about it from me my

18:18

name is toogo and You' been watching

18:20

cold fusion if you did like that episode

18:22

feel free to subscribe there's plenty of

18:24

other interesting stuff on the Channel

18:26

all right so I'll catch you again soon

18:28

cheers guys have a good

18:37

one a better

18:39

future Heaven Help Us make a better

18:42

[Music]

18:55

future cold fusion it's new