Beware the Hype of Generative AI

Generative AI is garnering significant attention, but its practical value for most users is limited, with only a small percentage utilizing it effectively. Current challenges include unresolved issues like hallucination in outputs and the high costs associated with LMM inference. There is concern that the hype surrounding generative AI may overshadow traditional data science and machine learning applications, which are critical for business value. Insights from Chief Data Science Officers indicate a misalignment where CEOs and boards are primarily focused on generative AI, despite it contributing only a fraction of the overall value.

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