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Ugly Numbers from Microsoft and ChatGPT Reveal that AI Demand is Already Shrinking

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Summary

Microsoft made a large investment of $10 billion into its Bing search engine with the belief that AI would help it surpass Google. However, its market share has not grown and it has actually dropped slightly since the start of the year. ChatGPT's website traffic is also shrinking, showing that people are not interested in AI as a transformative technology. There are many warning signs that the AI hype is not living up to its expectations, and AI is instead being used for scamming, spamming and shamming. There is skepticism among the public towards AI and companies using it are trying to hide their use of it. The situation is likely to get worse unless the genie can be put back into the bottle.

Q&As

What percentage of market share does Microsoft's Bing search engine have?
Microsoft's Bing search engine has a market share of 3%.

What is causing consumer demand for AI to decline?
Consumer demand for AI is declining due to the lack of trust in AI-generated results, the abysmal quality of AI-generated content, and the prevalence of scams and spam associated with AI.

What is the difference between a real tech breakthrough and a fad or craze?
A real tech breakthrough grows at a rapid pace in its early days, while a fad or craze does not.

What are some of the areas where AI has been successful?
AI has been successful in areas such as ransom scams, creating malware on demand, replacing human songs, cheating, disrupting elections with fake videos, and misleading readers with AI articles.

What is the overall opinion of Ted Gioia on the current state of AI?
Ted Gioia's overall opinion on the current state of AI is that it is an ugly tale and that it is not delivering the goods as promised. He believes that AI is being used for scamming, spamming, and shamming, and that consumers are pushing back against it.

AI Comments

👍 This article provides an interesting and thought-provoking analysis of the current state of AI and its demand. It offers a unique perspective on the potential pitfalls of AI technology and provides some insight into the future of AI.

👎 This article paints a largely negative picture of AI, focusing too heavily on the potential downsides and ignoring important successes of the technology. It also fails to provide any real solutions for how to address the issues it raises.

AI Discussion

Me: It's about how AI demand is already shrinking and the only areas where AI is flourishing are shamming, spamming & scamming. It discusses how Microsoft's AI-driven Bing search engine has failed to surpass Google and how ChatGPT's website traffic is shrinking as well. It also looks at other warning signs that AI may not be delivering the expected results.

Friend: That's really interesting. It sounds like AI is not as revolutionary as people thought it would be.

Me: Yeah, it seems like the hype surrounding AI has been overblown. The article talks about how consumers don't seem to be buying into it and that the only areas where AI is succeeding are in scamming, spamming, and shamming. It also looks at how AI is getting worse at math and how companies are struggling to find ways to implement it. It's a pretty eye-opening article.

Action items

Research the legal and regulatory implications of AI technology and its potential for misuse.
Educate yourself on the potential risks of AI technology and how to protect yourself from scams and fraud.
Stay informed on the latest developments in AI technology and its potential implications for the future.

Technical terms

AI: Artificial Intelligence. A type of computer technology that is designed to simulate human intelligence and behavior.
Bing: A web search engine owned and operated by Microsoft.
Shamming: A form of deception in which someone pretends to be someone else in order to gain an advantage.
Spamming: The use of electronic messaging systems to send unsolicited bulk messages, especially advertising, as well as sending messages repeatedly on the same site.
Scamming: A fraudulent scheme performed by a dishonest individual, group, or company in an attempt to obtain money or something else of value.
S-Curves: A graph that shows the rate of growth of a particular phenomenon over time.
Fad or Craze: A temporary fashion, notion, manner of conduct, or interest followed enthusiastically by a group.
Generative AI: Artificial intelligence that is capable of generating new content, such as images, text, or music.
Copyright: A form of intellectual property protection that grants the creator of an original work exclusive rights to its use and distribution.
Napster: A peer-to-peer file sharing service that was popular in the late 1990s and early 2000s.
Ransom Scams: A type of scam in which a perpetrator demands payment in exchange for not releasing confidential information or taking other action.
Malware: Malicious software designed to damage or disable computers and computer systems.