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Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable

Investment giant Goldman Sachs published a research paper about the economic viability of generative AI which notes that there is “little to show for” the huge amount of spending on generative AI infrastructure and questions “whether this large spend will ever pay off in terms of AI benefits and returns.” The paper, called “Gen AI: too much spend, too little benefit?” is based on a series of interviews with Goldman Sachs economists and researchers, MIT professor Daron Acemoglu, and infrastructur...

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