Burning Billions
Many experts are exaggerating artificial intelligence’s power and peril. Most public commentary, ranging from politicians to prominent technologists, says AI – more precisely, AGI – is close to surpassing human intelligence. The significant risk is that artificial intelligence will supplant human beings. This speculation even comes from Geoffrey Hinton, a Nobel prize-winning AI pioneer. AI models are useful, but, as Yann LeCun, Meta’s AI head, says, they are far from rivaling a house cat’s intelligence, let alone humans. The talk that AI will become so powerful that it poses an existential threat to human beings is nonsense. AI is a powerful tool and is becoming enormously important in all aspects of the economy. But AGI, malicious or otherwise, will not happen anytime soon.