The AI Hangover is Here – The End of the Beginning
Aug 12, 2024
AI Technology / Machine Learning
After a good year of sustained exuberance, the hangover is finally here. It's a gentle one (for now), as the market corrects the share price of the major players (like Nvidia, Microsoft, and Google), while other players reassess the market and adjust priorities. Gartner calls it the trough of disillusionment , when interest wanes and implementations fail to deliver the promised breakthroughs. Producers of the technology shake out or fail. Investment continues only if the surviving providers improve their products to the satisfaction of early adopters. Let's be clear, this was always going to be the case: the post-human revolution promised by the AI cheerleaders was never a realistic goal, and the incredible excitement triggered by the early LLMs was not based on market success. AI is here to stay What's next for AI then? Well, if it follows the Gartner hype cycle, the deep crash is followed by the slope of enlightenment where the maturing technology regains its foo...
