AI's Promise and Perils: Hype Draws Opportunists While Progress Continues
• Hassabis says AI is "not hyped enough but in some senses it's too hyped" - there is a lot of unrealistic hype but the potential is still underestimated
• The hype has attracted some "grifting" and opportunistic behavior, reminiscent of past tech hype cycles like crypto
• Investors have poured nearly $30 billion into generative AI startups in 2023 alone, fearing missing out
• The SEC has already identified cases of investment advisers making false claims about their use of AI
• Hassabis warns that some of the hype "clouds the science and research" underway in AI