Read why John Thornhill says AI and machine learning are overhyped but that is actually good for the technology such bubbles often the prelude to the deployment of disruptive technologies on Financial Times.
Here are two seemingly contradictory but surprisingly consistent statements about artificial intelligence. First, AI is massively over-hyped. Second, this is a good thing. Talk to most AI experts these days and they will roll their eyes about some of the more excitable claims made about the technology. They ridicule the “artificial AI” being sold to befuddled corporate bosses and gullible investors. Often, there is a confusing lack of clarity about what the term AI means. In many cases, it refers to machine learning, which may be better described as computational statistics, or, more crudely, labeling stuff.
Read his full article here.