AI’s Fabrication Problem Threatens Economic Potential, Warns AP Report

In this photo illustration a Chat GPT logo is displayed on a smartphone. From psychotherapy to legal briefs, high-stakes operations may be jeopardized by AI’s predisposition to invent information. PHOTO BY OMAR MARQUES/GETTY IMAGES 
In this photo illustration a Chat GPT logo is displayed on a smartphone. From psychotherapy to legal briefs, high-stakes operations may be jeopardized by AI’s predisposition to invent information. PHOTO BY OMAR MARQUES/GETTY IMAGES 


By AJ Fabino

No artificial intelligence (AI) chatbot exists today that doesn’t suffer from occasional fabrication. That’s a problem plaguing virtually every entity depending on generative AI systems for productivity and document creation.

What Happened: Anthropic, OpenAI, and other major AI developers acknowledge the challenge in their large language models (LLMs). They assure that efforts are being made to enhance truthfulness.

Still, the timeline for improvements — and the sufficiency of AI models for high-risk activities, like dispensing medical advice — remains indeterminate, according to a Monday Associated Press report.

“It’s not rectifiable,” Emily Bender, a linguistics professor at the University of Washington, told the AP. “The technology inherently mismatches the proposed use cases.”

That’s a major issue, and here’s why: Generative AI has enormous economic potential (look at tech stocks in the last seven months). It could boost global labor productivity by more than 1% a year in the decade following widespread usage, Goldman Sachs economists Joseph Briggs and Devesh Kodnani said in a Tuesday report.

Generative AI could add anywhere from $2.6 trillion to $4.4 trillion in value across the global economy, according to the AP report.

In this photo illustration a Chat GPT logo is displayed on a smartphone. From psychotherapy to legal briefs, high-stakes operations may be jeopardized by AI’s predisposition to invent information. PHOTO BY OMAR MARQUES/GETTY IMAGES  

Goldman says private companies are going to need to make about $200 billion in upfront investments in physical, digital, and human capital by 2025 to acquire and implement new technologies and reshape business processes.

Companies are going to have to invest a cool $200 billion to shape how generative AI will work in the office, and the AP reports generative AI will add up to $4.4 trillion in new value to the global economy.

Great, that’s all fine and dandy — but here’s the problem.

AI lies a lot. It has an inconvenient habit of “hallucinating,” or fabricating information.

The result is AI-generated content that strays from facts and reality — a not-so-discrete roadblock to the projected $4.4-trillion in added value for the global economy.

“The models are designed to make things up. That’s all they do,” Bender reportedly said.

Zenger News’s Take: The seemingly inherent characteristic of AI poses a real concern for industries relying on the technology’s accuracy.

Even tech optimists like Microsoft co-founder Bill Gates recognize the need for AI models to discern fact from fiction.

Truthful AI is crucial for the successful deployment of AI in various industries, the reputation and trustworthiness of AI as a whole, global economic implications and U.S. national security

Keeping the above in mind, fixing AI’s fabrications isn’t just a technical challenge — it’s a necessity for grasping AI’s true potential and value.

 

 

Produced in association with Benzinga