The wave of A.I. innovation and investment that has gripped Silicon Valley and Wall Street is coming to a close, according to one venture capital firm. It’s also “mostly crap” but nevertheless holds the key to fixing the big problem holding back the American economy. What happens next is the crucial bit, the firm adds.
“We are quickly reaching the limits of current AI,” wrote Paul Kedrosky and Eric Norlin, both partners at SK Ventures, on their firm’s Substack. In a post titled “AI isn’t good enough,” they argue that less than a year after ChatGPT exploded into the public consciousness, “we are quickly reaching the limits of current AI, whether because of its tendency to hallucinations, inadequate training data in narrow fields, sunsetted training corpora from years ago, or myriad other reasons.”
