The Reality of AI Skepticism and Schadenfreude

Charlie Munger, the legendary investor who recently passed away, expressed skepticism about the hype surrounding artificial intelligence (AI). Recent evidence suggests he may have been right, at least for now. AI technology remains expensive and unprofitable, with companies like OpenAI facing internal conflicts and questions about their valuation. Many AI startups rely on venture capital funding, raising concerns about the quality of investments. Furthermore, the technology has yet to fully deliver on its promises, with issues such as copyright lawsuits and limitations in generalization capabilities. Munger's skepticism about AI appears to be justified, as human intelligence continues to be reliable.