According to Sam Altman, the CEO of OpenAI, the rapid progress in artificial intelligence (AI) could hit a “wall” by 2024, leading to an “AI winter” - a period of stagnation and reduced funding for AI research. Altman believes that the current AI boom, fueled by advancements like ChatGPT, may slow down as the low-hanging fruit of language models is exhausted. He predicts that AI systems will struggle to make further breakthroughs without significant hardware improvements or new AI architectures. Altman emphasizes the need for continued investment in AI research to overcome these challenges and maintain progress. He also warns that an AI winter could have severe consequences, including job losses and a decline in AI capabilities that have become integral to many industries. Despite the potential slowdown, Altman remains optimistic about the long-term prospects of AI and its transformative impact on various sectors.
Source: https://www.businessinsider.com/sam-altman-ai-wall-slowdown-openai-2024-11