And I kind of get it! If your primary exposure to AI is Google search summaries (from their cheapest models) and shitty AI graphic design, it makes sense to think it's vastly overhyped.
And I kind of get it! If your primary exposure to AI is Google search summaries (from their cheapest models) and shitty AI graphic design, it makes sense to think it's vastly overhyped.
And some people are still stuck on what AI was capable of when GPT-3.5 was SOTA. They don't realize how much they've improved in ~4 years. Even if the rate of improvement slows down, AI will be tremendously more capable in another ~4 years.
And what do we have to show for it? We can localise some bug causes faster, and it takes some of the mindless boilerplate work off our hands. Which affects maybe 10-20% of our actual job, and even there occasionally eliminates the gains again right away because you have to babysit or manually redo it, without always knowing when and where that might happen. That's not what I'd call a revolutionary increase in efficiency.
And this isn't just my impression, it's what I hear from pretty much all of my professional peers, which includes people waaay more experienced and smarter than me.
If you trust benchmarks (which is debateable) then the rate of improvement is speeding up -- definitely not diminishing returns.