Bill Gates Softens Hopes For Generative AI Progress

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An unexpected figure is betting against the quick advancement of generative AI technology. His stance may come as a surprise by many.

Billionaire Microsoft founder Bill Gates, almost a year after the release of ChatGPT, says that AI chatbots may have reached their peak in terms of skill learning in the near future. The skepticism comes amid a flurry of social shifts that have occurred in the last few months alone that could negatively impact the use of generative AI online. He says it could take several years before we see real growth again.

Gates’ skepticism along with other new trends represent a shift in the world of artificial intelligence that suggests something deeper is happening.

Bill Gates On Generative AI

In a little-covered interview with German business newspaper Handelsblatt from Dakar, Senegal, Bill Gates discussed the future of Generative Pre-trained Transformers (ChatGPT).

While Bill Gates has wild hopes for generative AI as a whole, he thinks that the development of generative AI models may have reached a peak:

“We have reached a plateau.”

The newspaper added:

“The next version won’t be much better than the current GPT4; a limit has been reached.”

Gates added that it could take more years for the current AI technology to increase. But that right now, we may see stagnation with current technology.

Generative AI Cash Crunch

Although it’s become a new buzzword for technology magic, generative AI is hardly profitable.

According to a new report by the Wall Street Journal, firms deploying generative AI technology are hemorrhaging cash. Companies like Microsoft have lost huge amounts of money after offering services like GitHub co-pilot that writes code for programmers.

The extensive energy consumption is making these new technologies anything but profitable.

Chris Young, Microsoft’s head of corporate strategy. even admits that adoption of AI isn’t really translating into anything real:

“We’re clearly at a place where now we’ve got to translate the excitement and the interest level into true adoption.”

AI Is Breaking The Digital Ad Industry

One of the reasons generative artificial intelligence has become so dangerous is the exploitation of AI in the digital publishing industry.

Digiday, a digital ad publishing authority, reports malicious actors are using generative AI to “generate” content online has brands with large advertising budgets demanding a change on how AI is policed by ad networks, or they might pull away their advertising dollars.

Companies like NewsGuard are running in-depth studies about how these malicious AI-driven websites are growing and thriving, sucking advertising dollars out of the system with no real effort.

As a result, drastic changes may have to go into effect.

It’s safe to say that generative Ai is hitting serious snags not only in development, but the application itself. These latest events are just a long series of events suggesting that application of generative AI technology might not be the land of milk and honey it’s been painted as.