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Every time you overstate the capabilities of an AI system or the speed of AI progress, you are doing the public trust equivalent of taking on credit card debt. Which at some point the industry will have to repay (presumably, culprits are hoping someone else will pay).
AI hype is a game of arbitrage where players buy a short-term personal advantage (e.g. funding) at a long-term cost to be repaid by the collective. It's all at your expense.
A vertical where this is very obvious is the self-driving hype of 2015
Well it's pretty much like a gamble where we don't know what would happen next.
Well put - we now have an AI Effect, which in itself presents its own challenge to development. For those of you at the bleeding edge, it must be excruciating.
There is no project where such hidden cost doesn't exists. Any failed project erodes trust in people, companies, technologies, countries, ... So every project ever is at our 'expense'. The more ambitious project the more trust would be lost if it failed.
The Silicon Valley VC model allows for 90% failures/hype. And thus startups game that. Time to change the VC model somewhat.
hype comes from disconnect between what's possible vs what will be worked on/funded. We could've had humans on Mars decades ago but every year we were NOT closer since it was not being worked on at scale needed for progress. So people start to call foul/hype until someone commits
Our expense *
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