WHILE THE WORLD’S ATTENTION HAS BEEN FOCUSED ON UKRAINE AND GAZA THINGS HAVE BEEN HOTTING UP IN THE PACIFIC IN MORE WAYS THAN ONE.

6 Responses to WHILE THE WORLD’S ATTENTION HAS BEEN FOCUSED ON UKRAINE AND GAZA THINGS HAVE BEEN HOTTING UP IN THE PACIFIC IN MORE WAYS THAN ONE.

1. Comrade K says:

   May 27, 2024 at 8:57 pm

   In my opinion LLM as an enhanced analytics is a useful tool surrounded by overwhelming hype. Having spent probably around a trillion dollars on LLM so far what do businesses/capitals have to show for? I think small businesses should benefit from LLM productivity gains if it were to live up to the hype but what I’m seeing is that small capitals in the US are not doing that well as measured by the Russell 2000 index. I think one way to measure the success of LLM is labor productivity gains in the US. What does table A1 in the BLS report tell us? https://www.bls.gov/news.release/prod2.nr0.htm

   I’d like to see a post that correlates productivity gains up to now. Thank you.

   Reply
   • ucanbpolitical says:

     May 27, 2024 at 9:07 pm

     I agree up to now there is no evidence of productivity gains nor improvements in profitability outside the magnificent seven. But it’s early days.

     Reply
     • Comrade K says:

       May 29, 2024 at 10:45 pm

       Early days? Not sure. Salesforce revenue miss and weak forecast. Stock plunged over 16% in after hour. One would expect strong forecast due to implementation of LLM.

       “During the quarter, Salesforce started selling its Einstein Copilot assistant sales and customer service reps. The company also said all paid Slack customers were gaining access to artificial intelligence features such as conversation summaries and daily recaps.”

       https://www.cnbc.com/2024/05/29/salesforce-crm-q1-earnings-report-2025.html
     • ucanbpolitical says:

       May 30, 2024 at 9:47 am

       Michael Roberts published this report https://www.nber.org/papers/w32487?fbclid=IwZXh0bgNhZW0CMTEAAR1ubiIRlU0xXx-DzM2A35_mcP2Fr5ZVc_65O4mRFa42VHQ-P7jZG8Xu6kw_aem_AY0shfc2ZsGgFg_0q5bjyEY_kYDDwUenmx2pB2cFB_9AQKICoK5aUPRLTkPskd3z6zopYP91Y6SyEYQtIyuhyPzA
       which tends to agree with your prognosis. I remain agnostic.
2. Comrade K says:

   June 1, 2024 at 4:05 pm

   Thanks for the link but that report was published by someone else.

   Reply
3. Comrade K says:

   July 9, 2024 at 10:47 pm

   FYI, Goldman Sachs has now published that same report with a different title: “Gen AI: too much spend, too little benefit?”
   https://www.goldmansachs.com/intelligence/pages/gen-ai-too-much-spend-too-little-benefit.html

   Reply