alt Hacker NewsTwo things can be true:
1) We have barely scratched the surface of what is possible to do with existing AI technology. 2) Almost all of the money we are spending on AI now is ineffectual and wasted.
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If you go back to the late 1990s, that is the state that most companies were at with _computers_. Huge, wasteful projects that didn't improve productivity at all. It took 10 years of false starts sometimes to really get traction.
It's interesting to think Microsoft was around back then too, taking approximately 14 years to regain the loss of approximately 58% of their valuation.