Eric Siegel, former Columbia professor and leading ML consultant, discusses whether we're heading towards an AI winter and the implications for future innovation in AI and ML. Topics include the law of human-like autonomy, challenges in deploying ML projects, and the impact of an AI winter on AI and ML development. Guest emphasizes the need for clear goals and understanding before starting projects.
AI winter can be avoided by distinguishing machine learning from the overblown concept of AI.
Collaboration between data scientists and non-data scientist stakeholders is crucial for successful deployment of machine learning models.
Deep dives
The concept of AI winter and its implications
AI winter refers to a state of disillusionment and negative sentiment towards AI caused by overhype and mismanagement of expectations. When people become tired of waiting for the promised advancements and start focusing on the negatives, AI gets stigmatized. This can lead to the undervaluation and rejection of machine learning, which is a real technology with valuable applications. Machine learning should be distinguished from the overblown concept of AI that often dominates discussions.
Reasons behind unjustified hype around AI
The hype around AI can be attributed to several reasons. First, it becomes a cleverly rationalized modern-day ghost story, capturing people's imagination. Second, recent advancements in generative AI, such as large language models, have demonstrated impressive capabilities, often seeming human-like in certain tasks. However, the excitement and investment in AI overestimate its potential to achieve human-level performance and autonomy. There are still significant research challenges in making AI truly human-like and capable of high-level human goals.
Challenges in machine learning project deployment
Many machine learning projects fail to deploy successfully, limiting the value businesses can derive from ML. The main reason for this is the lack of a comprehensive and collaborative approach between data scientists and non-data scientist stakeholders. The book 'The AI Playbook' introduces the BizML framework, a six-step process that emphasizes deep collaboration and planning to ensure successful deployment of machine learning models. By focusing on the value-driven aspects of ML projects and incorporating a unified language between tech and business sides, organizations can increase the likelihood of successful deployment.
Eric Siegel is a former Columbia professor, leading ML consultant and author of The AI Playbook: Mastering the Rare Art of Machine Learning Deployment, which has just recently been released.
In this episode, we talk about whether or not we're headed towards an AI winter and what implications this would have for the future of innovation in artificial intelligence and machine learning. We discuss the law of human-like autonomy and why it is important for these kinds of conversations, and conclude with a look into the future of AI innovation & development.