News Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts

[Admin]

Baidu's CEO recently predicted that once the AI bubble bursts, 99% of companies involved will go under, though he believes this process will benefit the market.

Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts : Read more

 

[hotaru251]

The CEO reassures that it will take at least 10 to 30 years before Artificial Intelligence replaces human jobs.

should added asterisk as ai is already replacing human jobs in some fields.

 

[helper800]

should added asterisk as ai is already replacing human jobs in some fields.

What specific field or job has been replaced, supplemented, or otherwise integrated AI to the point a person is out of a job? I can only think of typical automation that is currently replacing jobs, not AI.

 

[Kamen Rider Blade]

Most people who are following what's going on knows that this is a "Artificially Created Gold Rush" by nVIDIA.

It's going to burst harder, and ALOT of people will be losing their jobs because of it.

 

[vanadiel007]

If you look up Baidu, you will see they have invested heavily over the past 10 years in AI.
So I am not sure what he's trying to say here...

 

[Alvar "Miles" Udell]

There's a number of people that have been saying AI is a bubble for some time, and most every publication that talks about AI, TomsHardware included, does as well. Companies dealing with AI are going to have to start showing a profit on their rather large investments before shareholders and investors get fed up and take their money elsewhere.

 

[ivan_vy]

There's a number of people that have been saying AI is a bubble for some time, and most every publication that talks about AI, TomsHardware included, does as well. Companies dealing with AI are going to have to start showing a profit on their rather large investments before shareholders and investors get fed up and take their money elsewhere.

this. AI need to be viable in the economic sense, when is gonna be cheaper to have a bot than pay to an overseas worker, be a call center o fiverr freelance, then AI is going to replace jobs. Now we are not there yet.

 

[ottonis]

The Baidu CEO clearly has a point. Nowadays, virtually every company somehow manages to put an "AI"-tag onto their products, services or their infrastructure - but not because of a significant part of them was related to AI but just because "AI" has become a fancy word that everyone and their cat seems to expect. Insofer, yes, it is a bubble right now.

On the other hand: the development of AI is virtually exponential, no other technonolgy with disruptive potential has ever shown such a fast and steep progression as has AI within the past few years.
So, as "unfit" current LLMs still seem to be in order to replace real human workforce, they are improving much faster than anything else has in history. So, either, AI hits a roadblock and cannot really take certain hurdles, or it will be able to replace human workforce much faster than these 10-30 years that the Baidu-CEO predicted.

And one more point: Since only few people on this planet really fully understand how AI works deep inside, there is a potential risk that such a technology that has the potenial to surpass the capabilities of human mind, might eventually become capable of harming humans.

 

[dalek1234]

chinese propaganda Bs?

 

[helper800]

chinese propaganda Bs?

That's certainly an opinion. I would say no. How useful are AI products for you? How much have you spent on those products because they have "AI"? Are you aware that most of the large tech companies have heavily leveraged their financials trying to chase the new gold rush that is AI and gotten almost no return on their investments?