#AI#AIHype#AIPin: "It emerged recently that Humane was trying to sell itself for as much as $1 billion after its confuddling, expensive and ultimately pretty useless AI Pin flopped. A New York Times report that dropped on Thursday shed a little more light on the company's sales figures and, like the wearable AI assistant itself, the details are not good.
By early April, around the time that many devastating reviews of the AI Pin were published, Humane is said to have received around 10,000 orders for the device. That's a far cry from the 100,000 it was hoping to ship this year, and about 9,000 more than I thought it might get. It's hard to think it picked up many more orders beyond those initial 10,000 after critics slaughtered the AI Pin."
According to this writer, we are currently witnessing the fifth hype cycle concerning AI:
#AI#GenerativeAI#AIHype#AIWinter: “History does not repeat itself, but it does rhyme. This hype cycle is unlike any that have come before in various ways. There is more money involved now. It’s much more commercial; I had to phrase things above in very general ways because many previous hype waves have been based on research funding, some really being exclusively a phenomenon at one department in DARPA, and not, like, the entire economy.
I cannot tell you when the current mania will end and this bubble will burst. If I could, you’d be reading this in my $100,000 per month subscribers-only trading strategy newsletter and not a public blog. What I can tell you is that computers cannot think, and that the problems of the current instantation of the nebulously defined field of “AI” will not all be solved within “5 to 20 years”.”