Useless headline by useless journalists.
WATER COULD BE WET! IT COULD ALSO BE DRY! I DON'T KNOW.
this post was submitted on 18 Sep 2023
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Typical doomerism headline, AI boom could have a positive effect on productivity, as the CMA says.
If you view it through the lens of productivity sure.. but a space race-esque race to develop AI by the companies that we have learnt quite brazenly do not care about breaking rules/laws to maximise profit and market share? Colour me a doomer.
These LLM AIs are just regurgitating shit that's been fed into them. There's zero intelligence involved.
But they do make writing work emails a lot easier. I use chatgpt to write draft reports, always needs polishing but it's a lot easier than starting with a blank page, so I can see the productivity gains already.
LLMs are just regurgitating shit AND that’s most of what we do all day too.
(Speaking from a job as an innovator in a high tech field. Most of us are just doing engineering w/ concepts invented elsewhere. )
This is the best summary I could come up with:
People should not assume a positive outcome from the artificial intelligence boom, the UK’s competition watchdog has warned, citing risks including a proliferation of false information, fraud and fake reviews as well as high prices for using the technology.
The Competition and Markets Authority said people and businesses could benefit from a new generation of AI systems but dominance by entrenched players and flouting of consumer protection law posed a number of potential threats.
The CMA made the warning in an initial review of foundation models, the technology that underpins AI tools such as the ChatGPT chatbot and image generators such as Stable Diffusion.
The emergence of ChatGPT in particular has triggered a debate over the impact of generative AI – a catch-all term for tools that produce convincing text, image and voice from typed human prompts – on the economy by eliminating white-collar jobs in areas such as law, IT and the media, as well as the potential for mass-producing disinformation targeting votes and consumers.
“There remains a real risk that the use of AI develops in a way that undermines consumer trust or is dominated by a few players who exert market power that prevents the full benefits being felt across the economy.”
In the longer term, a handful of firms could use FMs [foundation models] to gain or entrench positions of market power and fail to offer the best products and services and/or charge high prices.”
The original article contains 659 words, the summary contains 239 words. Saved 64%. I'm a bot and I'm open source!
Doesn’t autotldr utilize some sort of NLP machine learning
Yes, we've been surrounded by AI tools for years.