ChatGPT’s AI capabilities are ‘plateauing,’ professor says

CUNY Queens College Professor Douglas Rushkoff joins Yahoo Finance Live to discuss AI from an investing perspective amid the ongoing hype, the expectations for AI, and the outlook for its future.

Video Transcript

[AUDIO LOGO]

JULIE HYMAN: And for those looking to invest in artificial intelligence right now, our next guest says the future of the industry probably won't look like ChatGPT, at least not necessarily. Douglas Rushkoff is joining us. He's a professor of media theory and digital economics at CUNY Queens College, as well as the author of "Survival of the Richest" and "Team Human." Thank you so much for being here.

So let's sort of start with that question, right? Obviously, we are-- it feels like we're in the infancy here still of generational AI. So how do we even know, from an investing perspective or just from a human perspective, what to expect?

DOUGLAS RUSHKOFF: Well, it's tricky, right? I mean, it's funny it's both a bubble and the next big thing, like the net and everything else. You know, and I do think someday we'll look back on this-- on this whole era as kind of the web and social media we're a bit like the missionaries at gathering information with a friendly face on technology and maybe converting a lot of people to the digital mindset.

And then AI is more like the conquistadors, right? So the net that we know and love really was just setting the stage for this thing that's a much bigger thing that's actually going-- that's gonna come. The irony is, I think, that most of the companies that we're looking at are really just little apps built on top of the main existing AI platforms.

You know OpenAI by Musk and Altman or DeepMind with Google or Facebook's AI. Those are real AIs. But on the-- looking forward, I feel like these companies are going to be understood more as kind of first-generation AIs. That they learn by reading data and kind of like gathering the net in sort of a one-to-one fashion.

And that's why when we're talking about these companies, when people invest in them, they're talking about, oh, well, this company is two years ahead of that one, which means that, oh, it's had two years of a learning headstart at the rate that an I can eat data. But the next generation AIs, the kinds of people I'm talking with, they don't really learn data the same way.

It's a bit like-- investing in one of these companies I feel like-- and nothing personal-- is almost like investing in Yahoo in 1999 when you don't realize that Google is gonna come without all the requirements for how do you build an index, you know? That-- the next generation AIs are not gonna be learning data in these one-to-one relationships, but rather kind of inferring a whole lot of things from a teeny bit of data.