| Dec 2016 - "These 20 companies are racing to build self-driving cars in the next 5 years." [0] Oct 2022 - "Even after $100 billion, self-driving cars are going nowhere." [1] People have been historically notoriously bad at predicting how good AI/technology will be in 5-10 years time. If the predictions from 2015 were right, the roads would have been filled with level 4 and 5 autonomous vehicles for years now. [0] https://www.businessinsider.com/companies-making-driverless-... [1] https://www.bloomberg.com/news/features/2022-10-06/even-afte... |
I think what we see are CEOs looking to raise funds, and news organizations looking to sell an interesting story that will say "revolutionary tech is just around the corner", but this is motivated reasoning. You're right that this is the same with AI technology, where some people say AGI is just around the corner, whereas some veterans say it may well be decades still, and the truth is we don't know.
So anyway I guess I agree with what you are saying, which is that AI development is difficult to predict and many people make bad predictions. I just wanted to point out that it tends to be people with a motivation to predict rapid growth that tend to produce a lot of these errors. These errors get propagated widely because technology press is one of those groups with this bias. However not everyone makes such bad predictions.