Very optimistic about AI, but in a few specific ways. The Machine Learning (ML) community has had an infatuation with emergent capabilities of Neural Nets these last few years and that fuels lay-person speculation on the power and prowess of the ML models. Working in the space, I don't buy it. But I think AI will transform the world in 2 important ways:
(1) AI will be used to improve legacy systems, beyond chatbots and natural language prompting. It's not a question of solving problems or replacing humans, but efficiency. There will be a first mover advantage for companies who integrate first and this will lead to calcification of industry positions, as well as a few conglomerates taking over the AI Integration space. I don't believe there are enough ML engineers for midsized and small businesses to accomplish this integration themselves, and the tools aren't there yet. There are serious issues with training and structuring data, so the two additional winners will be the companies that can provide ML integration and the companies who jump on it first.
(2) The next winners are the truly transformative companies that use AI to build from the bottom up. While some AI based firms will seek to improve legacy systems, others will seek to develop new applications and concepts using AI. Current trends in AI will only serve to encourage more creative problem solving. Most ideas will not be supported by current technologies, but some methods for training and systems architecture will emerge from that pool of hopeful entrepreneurs as they develop specific use cases for the underlying technology.
In general, ML software will become more and more like commodities. Toolkits and APIs for are popping up everywhere now, and I'll tell you it was a very small and niche community just 2-3 years ago. While transformative companies will exist and leave us gobsmacked, the real success will be in legacy system integration and rapid adoption, as well as equally quick scaling of smaller companies. Current AI hype (as we know it) will subside, but it will become a foundational tool in every business in the next decade.
madejust4dis t1_j5pxau6 wrote
Reply to "By far the greatest danger of Artificial Intelligence is that people conclude too early that they understand it."- Eliezer Yudkowsky. by KiwiTechCorp
Very optimistic about AI, but in a few specific ways. The Machine Learning (ML) community has had an infatuation with emergent capabilities of Neural Nets these last few years and that fuels lay-person speculation on the power and prowess of the ML models. Working in the space, I don't buy it. But I think AI will transform the world in 2 important ways:
(1) AI will be used to improve legacy systems, beyond chatbots and natural language prompting. It's not a question of solving problems or replacing humans, but efficiency. There will be a first mover advantage for companies who integrate first and this will lead to calcification of industry positions, as well as a few conglomerates taking over the AI Integration space. I don't believe there are enough ML engineers for midsized and small businesses to accomplish this integration themselves, and the tools aren't there yet. There are serious issues with training and structuring data, so the two additional winners will be the companies that can provide ML integration and the companies who jump on it first.
(2) The next winners are the truly transformative companies that use AI to build from the bottom up. While some AI based firms will seek to improve legacy systems, others will seek to develop new applications and concepts using AI. Current trends in AI will only serve to encourage more creative problem solving. Most ideas will not be supported by current technologies, but some methods for training and systems architecture will emerge from that pool of hopeful entrepreneurs as they develop specific use cases for the underlying technology.
In general, ML software will become more and more like commodities. Toolkits and APIs for are popping up everywhere now, and I'll tell you it was a very small and niche community just 2-3 years ago. While transformative companies will exist and leave us gobsmacked, the real success will be in legacy system integration and rapid adoption, as well as equally quick scaling of smaller companies. Current AI hype (as we know it) will subside, but it will become a foundational tool in every business in the next decade.