AI 'bubble' will burst 99 percent of players, says Baidu CEO
Asia In Brief Baidu CEO Robin Li has proclaimed that hallucinations produced by large language models are no longer a problem, and predicted a massive wipeout of AI startups when the "bubble" bursts.
"The most significant change we're seeing over the past 18 to 20 months is the accuracy of those answers from the large language models," gushed the CEO at last week's Harvard Business Review Future of Business Conference. "I think over the past 18 months, that problem has pretty much been solved – meaning when you talk to a chatbot, a frontier model-based chatbot, you can basically trust the answer," he added.
"Probably one percent of the companies will stand out and become huge and will create a lot of value or will create tremendous value for the people, for the society. And I think we are just going through this kind of process," stated Li.
Australia's Commonwealth Bank experienced intermittent outages over the weekend while attempting to address an issue that saw it duplicate transactions – and empty some customers' accounts.
