logo
Google Brain founder has an unexpected one-word message on AI

Google Brain founder has an unexpected one-word message on AI

Yahoo13 hours ago
Google Brain founder has an unexpected one-word message on AI originally appeared on TheStreet.
Big Tech just can't stop chasing it.
The dream of controlling an all-knowing, human-like AI, artificial general intelligence (AGI), has become Silicon Valley's obsession.
💵💰💰💵
From cloud giants to chipmakers, they're shelling out billions in building the elusive AGI, opening up never-before-seen avenues.
But just as the race heats up, one seasoned AI veteran dropped a single word that has quickly turned the narrative on its head.
AGI has arguably been the holy grail of Big Tech.
Unlike the current narrow AI systems, AGI looks to replicate human-level thinking, problem-solving, and adaptability.
It's arguably the tech industry's most expensive gamble in its rich history, and the biggest names in Big Tech have gone all-in.
At Google I/O, co-founder Sergey Brin argued that the company's powerful Gemini model is built to be the first true AGI.DeepMind CEO Demis Hassabis argued that AGI needs to be capable of advanced reasoning while building mental models of the world.
Meta Platforms, in particular, isn't holding back.
In June, it launched its Superintelligence Lab, effectively reshaping its internal AI strategy around AGI milestones.
Meanwhile, Microsoft has dished out billions to OpenAI, with clauses governing AGI rights baked into their contract.
More Tech Stock News:
TikTok's next move has Google and Meta sweating bullets
Cathie Wood shells out $13.9 million for one high-stakes biotech stock
Apple's quiet shake-up could redefine its future
Amazon's no different, betting huge on AGI startup Anthropic, while Nvidia, whose GPUs drive over 80% of generative AI compute loads, recently jumped to a $4 trillion market cap.
Analysts forecast that the AGI market could surge from just under $4 billion last year to more than $100 billion by the mid-2030s.
Though those numbers are far from guaranteed, rest assured, the money will keep pouring from Big Tech.
AGI isn't taking over the world anytime soon, at least not if you ask Andrew Ng.
The AI pioneer and founder of Google Brain dismissed the buzz around the phenomenon, bluntly referring to it with one word — 'overhyped' — during a talk at Y Combinator.
'For a long time, there'll be a lot of things that humans can do that AI cannot.'
AGI obviously refers to a future version of AI that could beat humans in thinking and reasoning across a wide range of tasks.
However, Ng says we're nowhere close at this point, and he's not alone.Meta's chief AI scientist, Yann LeCun, said last year that AGI fears are misplaced. He explained that even though large language models might seem impressive, they're not the road to AGI.
Ng agrees and feels the real punch from AI lies in the ability to use it, not in building the most human-like system.
'People that know how to use AI to get computers to do what you want it to do will be much more powerful,' he said.
That doesn't let developers off the hook, though.
Some folks will be there to create the tools, but plenty more will simply learn how to use them well, which represents the real edge.
The bigger message is obviously a more hopeful one that suggests humans aren't becoming obsolete anytime soon. There's still plenty of work to do, and AI is just a different way to accomplish it.
However, as the tech world pursues the AI objective like crazy, Ng's take offers a reality check. Though a ton of companies are marching toward AGI, he's reminding everyone that smart, strategic usage still matters more than sci-fi dreams.
That stance puts Big Tech in a remarkably tricky spot.
Companies such as Google, Microsoft, and Meta have sunk billions into the AGI dream. However, if AGI is overblown, as Ng and others suggest, it raises serious questions about whether tech giants are overpromising — and setting themselves up to underdeliver.Google Brain founder has an unexpected one-word message on AI first appeared on TheStreet on Jul 14, 2025
This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Low-cost airline shutting down entire West Coast operations
Low-cost airline shutting down entire West Coast operations

The Hill

time27 minutes ago

  • The Hill

Low-cost airline shutting down entire West Coast operations

(KTLA) – One of Hollywood Burbank Airport's major airline partners is set for departure. On Monday, budget airline Avelo announced it would be shuttering its Southern California base, moving its planes to various hubs across the country and offering its California-based staff the opportunity to transfer elsewhere. For more than four years, Avelo has been operating out of the Burbank airport, establishing it as its West Coast base. The airline launched under its current brand name during the height of the coronavirus pandemic, a move that was deemed risky at the time by some industry analysts. The ultra-low-cost carrier quickly expanded operations in Burbank, adding flights to various parts of Northern California, Oregon and, briefly, Montana. In 2023, the airline celebrated flying its 1 millionth passenger, and even described its Burbank flights as being among its most successful offerings, accounting for one-third of its total customers at the time. But airline officials say the company has been hit hard with new financial challenges that have made it increasingly difficult to provide service to its West Coast destinations. On Monday, CEO Andrew Levy confirmed that Avelo would be reducing its number of planes flying out of Los Angeles County to one by mid-August, before shutting the base down entirely on Dec. 2, 2025. That closure will coincide with Avelo ceasing all West Coast operations, company officials confirmed. Levy described the decision as a difficult one, adding that there's no singular reason for Avelo ceasing operations with one of its longest airport partners. 'We believe the continuation of service from [Hollywood Burbank Airport] in the current operating environment will not deliver adequate financial returns in a highly competitive backdrop,' he said. Avelo will relocate its current Burbank fleet to different locations where Levy says the company sees more 'efficient longer-term growth prospects,' as it attempts to build out its East Coast operation. All California-based employees will be given the opportunity to transfer to another Avelo base, Levy said, all of which are on the Eastern Seaboard, including Hartford, Connecticut; Charlotte, North Carolina; and Wilmington, Delaware. Passengers with existing flights can cancel their trips online and receive a refund. India orders airlines to inspect certain Boeing models after Air India crash In addition to flying ticket-purchasing passengers out of Los Angeles County, Avelo also received backlash and calls for boycott after it was announced that the airline had partnered with the U.S. Department of Immigration and Customs Enforcement to provide charter flights to assist with its deportation efforts. Those flights were specifically operated out of the Mesa Gateway Airport in Arizona, but a push for a company boycott was widespread on social media. A spokesperson for the company denied that the decision to close its Burbank base was related to its charter program in Arizona, and said the company had invested 'significant time, resources and efforts' that have not produced 'results necessary' to continue its West Coast presence.

Employees at the nation's consumer financial watchdog say it's become toothless under Trump
Employees at the nation's consumer financial watchdog say it's become toothless under Trump

Yahoo

time28 minutes ago

  • Yahoo

Employees at the nation's consumer financial watchdog say it's become toothless under Trump

NEW YORK (AP) — The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the White House. The bureau is supposed to be helping oversee the nation's banks and financial services companies and taking enforcement action in case of wrongdoing. During its 15-year existence, the CFPB has returned roughly $21 billion to consumers who were cheated by financial services companies. Instead, its main function now seems to be undoing the rulemaking and law enforcement work that was done under previous administrations, including in President Donald Trump's first term. One current employee, who spoke on condition of anonymity because the directive forbids staffers from speaking publicly about their jobs, said outsiders would be amazed at how little work is being done. Employees are reluctant even to talk to one another, out of fear that a conversation between two employees would be considered a violation of the directive. Another employee described the drastic shift in mission, from trying to protect consumers to doing nothing, as 'quite demoralizing.' To gain an understanding of what is happening inside the CFPB, The Associated Press spoke with 10 current and former employees, as well as bankers and policymakers who used to interact with the bureau nearly every day but now say their emails and voicemails go into a black hole. The agency's press office doesn't respond to emails. The CFPB took a lighter approach to its mission in Trump's first term but continued to pursue enforcement actions. Under President Joe Biden, the agency took an expansive view of its authority, targeting profitable practices by banks such as overdraft and credit card late fees, as well as investigating companies over credit reporting and medical debt. The bureau also turned a spotlight on Big Tech companies that have made inroads into financial services. For example, the CFPB ordered Apple to pay $89 million in fines and penalties for problems related to the Apple Card. Banks and the financial services industry felt the Biden CFPB acted too aggressively, particularly with a proposal to cut overdraft fees to $5 from the industry average of $27 to $35. The bureau estimated the move would save consumers roughly $5 billion a year. The proposal was overturned by Congress in April with Trump's backing. Once Trump 2.0 began, the bureau became a main target of the Department of Government Efficiency, then run by Elon Musk, who posted on X that the CFPB should 'RIP' shortly after DOGE employees became embedded at the agency. Through the bureau's acting chief, Russell Vought, the White House issued a directive that CFPB employees should ' not perform any work tasks. ' The administration then tried to lay off roughly 90% of the bureau's staff, or roughly 1,500 employees. Courts have blocked those layoffs, but there is a feeling inside the bureau that the court rulings are only a temporary reprieve. Companies that committed wrongdoing, or had open investigations, have lobbied the bureau and the White House for their punishments to be rescinded. Last month, the CFPB rescinded an agreement under which Navy Federal Credit Union agreed to pay $80 million to settle claims that it illegally charged overdraft fees to its members, who include Navy servicemen and women, and veterans. In mid-May, the agency scrapped an order for the auto financing arm of Toyota to pay customers a total of $48 million for illegally bundling products onto car buyers' auto loans. 'Companies are lining up to get out of repaying harmed customers,' said Eric Halperin, former enforcement director at the bureau, who resigned earlier this year. The Associated Press sent a list of questions to the White House regarding President Trump's vision for the CFPB. The White House did not respond. While the lack of new initiatives and the scuttling of old ones frustrate employees the most, they also note that even everyday tasks have largely fallen to the wayside. A report from the office of Sen. Elizabeth Warren, the senior Democrat on the Senate Banking Committee, found that the bureau is uploading roughly 2,200 complaints a day to its complaint database, compared to the roughly 10,500 complaints it was doing in the months before Trump took office again. Warren came up with the idea for the bureau when she was a law professor at Harvard University. The bureau did take an enforcement action on Friday. The pawn shop chain FirstCash Inc. agreed to pay $9 million to settle claims that it charged excessive interest rates on loans to armed service members, in violation of the Military Lending Act. FirstCash operates more than 1,000 stores. The bureau is going to be even further diminished in the coming months. The new budget law signed by Trump earlier this month cuts the CFPB's funding by roughly half, meaning the bureau will be forced into mass layoffs. Senate Democrats are looking for ways to restore that funding. In the meantime, employees go about their mundane routine: They continue to check their email once or twice a day to see if any of their previous work has been slated for being undone. They wait to be laid off. The only constants are the silence from bureau political appointees or the 'mini funerals' that happen every Friday, when another batch of employees who have decided to leave the bureau voluntarily have their last day. 'I don't think I'll ever work in public service again,' said one current employee, who has been looking for a new job for the past three months.

Looking to AI for a financial plan? Take it more as guidance than gospel, experts say
Looking to AI for a financial plan? Take it more as guidance than gospel, experts say

Hamilton Spectator

time30 minutes ago

  • Hamilton Spectator

Looking to AI for a financial plan? Take it more as guidance than gospel, experts say

As Canadians increasingly turn to AI chatbots for help with everyday tasks like meal planning, workout routines and even mapping out vacation itineraries, some are also using it to help manage their money. 'It's a personal financial assistant,' said Martin Dasko, a content creator focused on personal finance. One way Dasko uses AI is to set up savings plans for upcoming vacations by giving ChatGPT a prompt about his savings target and asking for a plan on how to achieve that amount within a specific timeline. 'It'll give you a monthly plan to follow,' he said. 'It's all in one spot … You can get a table, a chart and it's easier than ever.' In the age of do-it-yourself investing and robo-advisers, AI chatbots have become another go-to for many young Canadians to set up budgets and map out financial goals. But experts say you need to have a solid sense of your finances first in order to get suitable answers. 'There is a little bit of work that the individual needs to do to be confident and accurate in the numbers that it produces,' said Sun Life financial planner Katelyn Aitcheson of AI chatbots. That means knowing the basics such as the difference between your fixed and variable expenses, recurring versus one-time expenses and even what your net worth is. Aitcheson recalled a client who recently bought a new home and turned to a generative AI chatbot to help decide whether to get life insurance or mortgage insurance for the house. 'It did give her a high-level overview of the differences between personally-owned life insurance and mortgage insurance,' Aitcheson said. But the AI response was missing the nuances. The chatbot didn't tell the client that she could buy additional insurance coverage to cover income replacement or that she could potentially reduce her coverage in a personal life insurance policy over time, Aitcheson said. Still, AI chatbots are finding a place in managing everyday money. 'For a lot of people, the ability to grab some basic information very quickly and easily, and kind of cut through the noise, I think, is very powerful,' Aitcheson said. She said the technology can offer a fairly accurate breakdown of money allocation for financial goals such as saving for retirement or paying off a student loan — or at least putting a user on the right path. Dasko said the most common prompt people can use is: 'Help me create a monthly budget with (insert) income and (insert) expenses.' AI would then offer a budget style people can choose from, he said. Then, Dasko suggested customizing the plan with prompts such as: 'Where can I cut $100 to start saving more?' or 'Help me save $10,000 in the next year,' and 'What's a realistic monthly plan, or weekly plan or quarterly plan?' But it's not always safe to ask AI questions that may contain sensitive information, Check Point's cybersecurity evangelist Jane Arnett warned. Canada doesn't yet have any legislation protecting AI users, and it's hard to know how the data is stored or used. 'Stop and think: 'Okay, with this that I'm putting in here, what would happen if I was giving this to someone who was trying to rob me right now?'' Arnett said. 'Basically, assume that anything you're putting into these systems is public information,' she said. She also cautioned that users might receive incorrect or half-baked information if the prompts aren't specific enough. 'You could end up with advice that is wrong, that is maybe for people in the United States but doesn't apply to people in Canada, maybe advice that's outdated,' she said. Arnett suggested verifying the information or financial plan spat out by the AI chatbot with a human financial adviser. 'You'll walk in knowing more and having a better and deeper conversation with your financial planner,' she said. This report by The Canadian Press was first published July 15, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store