Forbes October 11, 2024
Just two years ago, the arrival of ChatGPT sent ripples through the technological landscape, stirring visions of the internet’s disruptive dawn in the early 2000s.
By April 2023, Goldman Sachs was heralding GenAI’s potential in an exuberant piece titled “Generative AI Could Raise Global GDP by 7%.” Bank of America echoed this optimism, forecasting a staggering $15.7 trillion stimulus from GenAI by 2030. Startups rode this wave of enthusiasm: within a year of its inception, France’s Mistral AI was valued at $6.6 billion, while its American rival, Anthropic, soared to $15.6 billion.
Yet, as swiftly as the optimism surged, skepticism has begun to surface. In June, Goldman Sachs, in a shift of tone, published “GenAI: Too Much Spend, Too Little...
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