this post was submitted on 08 Jun 2024
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Yeah. It’s more like:
Researchers: “Look at our child crawl! This is a big milestone. We can’t wait to see what he’ll do in the future.
CEOs: Give that baby a job!
AI stuff was so cool to learn about in school, but it was also really clear how much further we had to go. I’m kind of worried. We already had one period of AI overhype lead to a crash in research funding for decades. I really hope this bubble doesn’t do the same thing.
Actually we're already two "AI winters" in, so we should be hitting another pretty soon
Can you explain? I've never heard of them before.
AI as a field initially started getting big in the 1960s with machine translation and perceptrons (super-basic neural networks), which started promising but hit a wall basically immediately. Around 1974 the US military cut most of their funding to their AI projects because they weren't working out, but by 1980 they started funding AI projects again because people had invented new AI approaches. Around 1984 people coined the term "AI winter" for the time when funding had dried up, which incidentally was right before funding dried up again in the 90s until around the 2010s.