Search results for tag #snakeoil
β¦ people with lower AI literacy perceive AI to be more magical, and thus experience greater feelings of awe when thinking about AI completing tasks, which explain their greater receptivity towards using AI-based products and services.Β
AI marketing is 100% about whether the sucker is sufficiently wowed by an impressive demo."
From https://econtwitter.net/users/amycastor/statuses/113902204443133686
DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million β a much smaller expense than the one called for by Western counterparts.The "Western counterparts" are claiming training a model might take years and billions of dollars. This has always been a hyped-up grift, with snake oil salesmen and con artists being showered with money and power. It's really quite amazing how profoundly unintelligent "the market" is in practice.These developments have stoked concerns about the amount of money big tech companies have been investing in AI models and data centers, and raised alarm that the U.S. is not leading the sector as much as previously believed.
The sad reality is that the US could lead in this field (1), if we'd stop routinely putting narcissists and con artists in charge and showering them with praise even when they fail.
#AI #GenAI #GenerativeAI #LLM #SnakeOil #hype #grift #MarketCapitalism
(1) Putting aside whether we should, which is an important question.