Five signs that the GenAI honeymoon is over
We recorded 5 claims from this post. 4 were checked against evidence. 1 can’t be checked. 2 more are held. Read the post at its source.
Claims from this post (5)
In the order they appear in the post. Each quotation is the speaker’s words in this post. A label such as “Supported” or “Can’t be checked” is the claim’s current assessment; its page has the evidence and the reasons.
Assessment: UnresolvedSaid
“I have long argued that Generative AI might be a dud; I just didn’t expect it to fade so fast.”
What we tested: Generative AI is fading fast, as of July 2024, and may turn out to be a dud.
Assessment: SupportedSaid
“Another GenAI monetization scheme bites the dust.”
What we tested: Meta dropping a major GenAI project is one more GenAI monetization scheme that has failed.
What happened: The report establishes discontinuation of the celebrity-persona offering. It also contains direct confirmation from Meta, making this stronger than an unconfirmed report of a cancellation. (The Verge, )
Assessment: UnresolvedSaid
“The bubble has begun to burst.”
What we tested: As of late July 2024, the GenAI bubble has begun to burst.
Assessment: UnresolvedSaid
“Users have lost faith, clients have lost faith, VC’s have lost faith.”
What we tested: As of July 2024, users, clients, and venture capitalists have lost faith in generative AI.
Assessment: Can’t be checkedSaid
“One step backwards could open up ten forwards.”
What we tested: The GenAI setback could open the way to much greater progress in AI through other approaches.
Held from this post (2)
These records did not pass every check, so nothing about them is published. Held is not a finding.