Summary:

The emergence of AI models and devices like Humane AI Pin, Rabbit R1, Google Gemini, Devin, Chat GPT, and Adobe Firefly has sparked both excitement and fear. Is it for real, or are we in an AI bubble that might burst? This article from Michal Malewicz discusses the hype and overpromises surrounding AI technology. While there have been impressive achievements like Midjourney and medical AI analysis, a lot of the recent AI buzz involves exaggerated claims and staged demos from companies seeking attention and investment.

Key points:

• Large Language Models (LLMs) create an illusion of intelligence rather than providing answers based on absolute knowledge.

• Companies are exaggerating the potential of AI products/services to attract investors (similar to the dotcom bubble era).

• Examples of overhyped or staged AI demos/products include:

  • Google's Gemini demo

  • Adobe's Firefly training issues

  • Amazon's manual labor behind an "AI" store

  • The overpromised AI Pin and Rabbit R1 devices

• AI models need immense computing power, hallucinating responses, copyright issues, etc.