maybe there's a term confusion here - GenAI has come to mean Generative AI (LLM's, Diffusion models..) rather than General-AI. People call that AIG, now people also talk about AIS which I take to mean "human level on a narrow domain only" while AIG is "generally intelligent at roughly human level".
My personal belief is that AIS is not a real thing (in the sense I wrote above) because narrow domain competence is tightly coupled to general domain competence . Even very autistic people that are functional in some domain actually have a staggering range of competences that we tend to ignore because we expect them in humans. I think machines will be similar.
Anyway, AIG or AIS is not round the corner at all. But that doesn't mean that there isn't a lot of value to be had from generative AI in the near future or now. Will this be a small fraction of the value from Web1.0 and Web2.0? Will it be approximately the same? Will it be a multiple? I think that's the question. I think it's clear that assistants for software engineers are somewhat valuable now (evidence: I get value out of them) how valuable? Well, more than stackexchange, less than a good editor. That's still alot, for me. I won't pay for it though...
And this points to the killer issue: there isn't a good way to monetize this. There isn't a good way to monetize the web, so we got adverts (a bad way). What will be the equivalent for LLM's? We just don't know right now. Interestingly there seems to be very little focus on this! Instead folks are studying the second order value. Using this "free thing" we can drive productivity... or quality... increase opportunities... create a new business?
I was definitely confusing the terms. I was thinking of AGI, but i remembered that the G was for general, and GenAI "felt" right (probably because it's used in a similar enough context).
Replace all the instances of GenAI with AGI in my post.
It's an interesting observation that the economics aren't there yet. I think it's generally assumed that if we find something valuable, we can probably figure out how to monetize it. That's not necessarily true though. In the same but opposite vein, it doesn't necessarily need to be useful to stick around. It's possible AI is forever going to be useless (in objective terms, maybe it will make people less efficient) but find a monetization strategy that keeps it around (maybe it makes people feel good).
A ton of the technology economy isn't really based on objective metrics of usefulness. Microsoft isn't the biggest because they're the most useful. We don't look to the quality of windows to understand if people will buy the next version. We don't look at the google search results as an indicator of google's profitability.
My personal belief is that AIS is not a real thing (in the sense I wrote above) because narrow domain competence is tightly coupled to general domain competence . Even very autistic people that are functional in some domain actually have a staggering range of competences that we tend to ignore because we expect them in humans. I think machines will be similar.
Anyway, AIG or AIS is not round the corner at all. But that doesn't mean that there isn't a lot of value to be had from generative AI in the near future or now. Will this be a small fraction of the value from Web1.0 and Web2.0? Will it be approximately the same? Will it be a multiple? I think that's the question. I think it's clear that assistants for software engineers are somewhat valuable now (evidence: I get value out of them) how valuable? Well, more than stackexchange, less than a good editor. That's still alot, for me. I won't pay for it though...
And this points to the killer issue: there isn't a good way to monetize this. There isn't a good way to monetize the web, so we got adverts (a bad way). What will be the equivalent for LLM's? We just don't know right now. Interestingly there seems to be very little focus on this! Instead folks are studying the second order value. Using this "free thing" we can drive productivity... or quality... increase opportunities... create a new business?