Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI. During an appearance on podcaster Dwarkesh Patel's show this week, Nadella offered a reality check, arguing that OpenAI's long-established goal of establishing "artificial general intelligence," (AGI) an ill-defined term that roughly denotes the point at which an AI can best humans on an intellectual level, is nonsense. "Us self-claiming some AGI
Not really. I’d argue the dot com bust was worse due to the quantity of websites that died because they didn’t actually have a business model.
What we’re seeing is a tech industry where all the tech is on the right side of the S curve and trying one last stab at a technology that may be on the left side.
You’re right, the dot com bust was far worse. That feels like forever ago these days.