The title is click bait. 3 of the 5 people interviewed were optimistic and one of the pessimists is an MIT professor, not a goldman analyst. The rest of it is market outlooks from 2024 for chips and power that don't seem that far off.
Here is the original quote from their head of equity stratigy ..
AI technology is exceptionally expensive, and to justify those costs, the technology must be able to solve complex problems, which it isn’t designed to do.
- Jim Covello
“complex problem” isnt an objective standard, and some rando GS "stratigist of equities" certainly doesn’t get to define it .. reality already disagrees with him .. and plenty of real usecases show AI solving interesting non-trivial problems ..
Reality doesn't disagree with him in that the ROI is still not here yet. Maybe the coming replacement of software engineers will start to ramp up equity gains due to productivity, but it's real hard to get there by replacing your receptionists and lowest tier of support personnel.
> plenty of real usecases show AI solving interesting non-trivial problems ..
Such as? Generating tons of spam? Generating tons of boilerplate code (which shouldn't have been necessary if the industry haven't been valuing coders' fungibility above development time)? Adult content is probably the only usecase so far that isn't automating away what should never be done in the first place.
certainly no -- not "all software" of anything. Where is the word "enterprise" in the post you have replied to ? "enterprise" means the very largest companies and institutions..
I did not write "all software" or "enterprise software" but you are surprised I said that... hmmm
> To be fair, it's not entirely their own fault. Competition is strong, especially from Google and Apple. Even with perfect decisions, they likely would still have lost big since their peak. The market for alternative Browsers isn't as big any more as it used to be.
Their peak in share was also pre-chrome. They've basically been losing the battle slowly for over a decade.
Firefox improved in quality significantly between 2014 and the recent decline. And it's not like Brave has shown incredibly good judgement in these areas.
I'm sympathetic to snowden and think he should just be pardoned, but in retrospect was this actually huge news? Other than reaffirming that telcos were a weak link and that we should encrypt everything, what was a major revelation?
I don't think americans broadly care if we are spying on any of the countries listed in part 1 or 2 of this. Mexico, Brazil, Venezuela, Bolivia and China?
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