Charlie Munger slams AI 'hype' and 'nonsense': Says AI is overhyped and a buzzword

Charlie Munger has claimed that AI is overhyped, even if there are some strong use cases. He has noted that there is a lot of hype and nonsense in artificial intelligence. But, is Charlie Munger right about artificial intelligence, Chat GPT, and other associated developments?

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Time stamps
* 0:00 Charlie Munger calls out AI hype
* 0:35 Is Charlie Munger correct?
* 1:51 Bias in Artificial Intelligence
* 4:52 Expectations vs Reality: Bugs everywhere
* 5:38 Garbage In. Garbage Out.
* 7:56 AI cannot do primary research
* 9:34 Investment implications

#CharlieMunger #AI #ChatGPT #ArtificialIntelligence

[financemark]

Thanks for watching!

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[shadowyshutterbug]

people hyping it really have no idea about its limitations or inherent biases. smh

[GoblinGirl]

A lot of people are saying AI is overhyped, and they're not all "old men" either. Kind of ageist of you to assume Charlie doesn't like it because he's an "old guy". Pretty shallow assumption on your part and commenters here.

[Developer]

I agree with the hype part, people love buzz word's, works every single time without fail

[mikerusby]

I used to mess with chatbots back in the 90's and they were fun, tried the bing chatbot and it seemed pretty dumb in comparison

[wynton]

AI is good for what I call “Calculative Creativity”.

[terasci]

AI will be the next the next investment bubble, the guy is right!

[anthonyreed]

Glad you brought up the political bias of Chat GPT. Great example of the limitations built in.

[moi]

It’s all pumped up by the hyperscalers.

[moi]

I think we need a new way to generate value and measure GDP. Instead of wasting earth resources on non value adding activities

[ethanf.]

AI always begin with the end goal. Its never AI for its own sake, most marketers only aim is to push up the share price for their personal gain. AI is a disrupter because it will lead to job losses and translate to higher consumer prices as companies attempt to charge more by way of subscription services to "monetize" the technology.

[WilliamBotha]

AI is just code, no intelligence in the code, just in the coder

[greggrimer]

Cannibalism is not always illegal. If one is stranded in the wilderness or at sea and needs to eat a human to survive then that would not be illegal.

[MrUranium]

My toaster is equipped AI. ... at least that what the salesperson said...

[javiermarti_author]

If you're into this topic you may find my book about AI interesting, Mark. I go into the social impact of AI, not only its economic one, which is a very interesting angle too. Have a look and tell me what you think. It may also give you ideas for new videos, it's ok with me, just credit me as needed.

[limitless]

DISLIKE: BECAUSE YOU USED Charlie Munger TO SELL YOUR VIDEO.
Because there is 30sec of Charlie Munger
And because there is 11min of you

[DS-nvni]

You talk and invest your money into things you don't even understand, and when someone tells you to be careful you call it "stupid", I guess you have what you deserve.

[mhc]

This would be a... subtitle video, for me.

[consciousnobody]

I have seen the similar thing when I asked about Thomas Sowell, a conservative economist and Abhijit Banerjee, ultra-liberal economist - and the answers were so much with ifs and buts for Thomas Sowell. Pretty darn irritating tbh

[Raumance]

I mean isn't ai tremendously helpful for many complex medical applications like folding proteins and so on so it will precisely do stuff like helping to cure cancer.