AI 'Bubble' Will Burst 99% of Players, Says Baidu CEO

Baidu CEO Robin Li has proclaimed that hallucinations produced by large language models are no longer a problem, and predicted a massive wipeout of AI startups when the "bubble" bursts. From a report: "The most significant change we're seeing over the past 18 to 20 months is the accuracy of those answers from the large language models," gushed the CEO at last week's Harvard Business Review Future of Business Conference. "I think over the past 18 months, that problem has pretty much been solved â" meaning when you talk to a chatbot, a frontier model-based chatbot, you can basically trust the answer," he added. 

Li also described the AI sector as in an "inevitable bubble," similar to the dot-com bubble in the '90s. "Probably one percent of the companies will stand out and become huge and will create a lot of value or will create tremendous value for the people, for the society. And I think we are just going through this kind of process," stated Li. The CEO also guesstimated it will be another 10 to 30 years before human jobs are displaced by the technology. "Companies, organizations, governments and ordinary people all need to prepare for that kind of paradigm shift," he warned.
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