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What If There’s No AGI?
The technological struggles are in some ways beside the point. The financial bet on artificial general intelligence is so big that failure could cause a depression.
The ability to understand and respond in natural language; to turn a single prompt in plain English into an essay or animated video; and to learn from mistakes are all genuine achievements that will be a part of every AI system moving forward. Even consulting giant Gartner recently moved generative AI off its “Peak of Inflated Expectations” phase and views it on a downward slope toward a “Trough of Disillusionment,” often a time of decreased investment and interest. But if it’s true that the expected exponential gains from scaling pre-training are instead facing diminishing returns, if AGI is still a faraway dream and the industry’s technical leader (OpenAI) has no clear pathway to it, then the Valley has made a terrible bet.
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