Startups are exploiting AI’s hazy definition to cash in on the hype

guest · Mar 12, 2019

Startups are exploiting AI’s hazy definition to cash in on the hype
40 per cent of AI startups don't actually use AI in their products. Here is the reason why
March 12, 2019
https://www.wired.co.uk/article/ai-venture-capital-startups

What exactly is artificial intelligence? In much the same way that you’d be a bit stumped if someone demanded that you provide a hard and fast definition of say, philosophy, there isn’t a satisfactorily rigorous answer to this question.

“Technically if I use a rules-based system, I can say that my system is intelligent, and people who know about AI may frown upon it, but they cannot technically say that I’m lying.” Technically, even a simple calculator could be considered AI.

It’s in this context, then, that we should understand a recent report into the spread of AI hype through European startups. [...] 40 per cent of 2,830 purported AI startups in Europe don’t actually use any AI in their products. So much for the AI revolution.
Part of this deception is about riding the wave of pervasive media attention AI receives, a typical corporate eagerness not to miss the train. “It’s a buzzword,” says Lopez.
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guest · Aug 14, 2019

This AI startup claims to automate app making but actually just uses humans
Who could have seen that coming?
August 14, 2019
https://www.theverge.com/2019/8/14/...ce-startup-app-development-outsourcing-humans

Engineer.ai, an Indian startup claiming to have built an artificial intelligence-assisted app development platform, is not in fact using AI to literally build apps, according to a report fromThe Wall Street Journal.

Instead, the company, which has attracted nearly $30 million in funding from a SoftBank-owned firm and others, is reportedly relying mostly on human engineers, while using hype around AI to attract customers and investment that will last it until it can actually get its automation platform off the ground.
The company was sued earlier this year by its chief business officer, Robert Holdheim, who claims the company is exaggerating its AI abilities to get the funding it needed to actually work on the technology.

According to Holdheim, Duggal “was telling investors that Engineer.ai was 80% done with developing a product that, in truth, he had barely even begun to develop.”
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xxJackxx · Aug 15, 2019

...Part of this deception is about riding the wave of pervasive media attention AI receives, a typical corporate eagerness not to miss the train. “It’s a buzzword,” says Lopez...
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Pretty much the case with every buzzword ever. Try our AI Blockchain Internet Of Things! Now in the Cloud!!!

guest · Aug 19, 2019

AI: Artificial Ignorance
Does true Artificial Intelligence even exist yet? Will it ever exist or will it end the world before we reach its full capacity?
August 16, 2019
https://www.welivesecurity.com/2019/08/16/ai-artificial-ignorance/

The hype around Artificial Intelligence (AI) is currently a media frenzy and if we aren’t careful, we will ruin the name before it has had a chance to really prove itself due to a lack of knowledge around it. AI is a beautiful concept of futuristic computing that the tech industry and academic research is leading in a way that will one day see dramatically enormous changes to the way we live our lives and pivot the human race into a new digital era.

But for now, AI is simply misunderstood. Computers are not yet thinking for themselves, nor are they able to live on their own and no, the Terminator is not hiding around the corner looking for John Connor… yet.
You’d be forgiven for thinking AI currently exists for the amount of media attention it attracts.

People desperately want to believe in AI and hope that the next generation of software uses it to its full advantage.
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guest · Aug 19, 2019

Plenty of vendors deceptively using Ai term as marketing trick, especially in security forums, i kept denouncing it since years.

guest · Jan 14, 2020

AI or BS: Distinguishing artificial intelligence from trade show hype
January 14, 2020
https://venturebeat.com/2020/01/14/...artificial-intelligence-from-trade-show-hype/

Though it’s a coincidence that I’m writing this article roughly one year after my colleague Khari Johnson railed against the “public nuisance” of “charlatan AI,” the annual Consumer Electronics Show (CES) clearly inspired both missives. At the tail end of last year’s show, Khari called out a seemingly fake robot AI demo at LG’s CES press conference, noting that for society’s benefit, “tech companies should spare the world overblown or fabricated pitches of what their AI can do.”

Having spent last week at CES, I found it painfully obvious that tech companies — at least some of them — didn’t get the message. Once again, there were plenty of glaring examples of AI BS on the show floor, some standing out like sore thumbs while others blended into the massive event’s crowded event halls.

It’s probably unrealistic to hope that companies inclined to toss the word “AI” into their press releases or marketing materials would provide at least a footnote disclosing the product’s current/as-demonstrated and planned final states of autonomy. But if the alternative is continued overinflation or fabrication of AI functionality where it doesn’t actually perform or exist, the CE industry as a whole will be a lot better off in the long term if it starts self-policing these claims now,
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