AI is promoted as a new technology that will contribute immensely to the profits of business enterprises. Gartner’s chart illustrates how any new technology can reach a plateau if its true utility registers in market’s consciousness. Tech companies have not set too high expectations for AI’s capabilities. Instead, they have framed its use as too general purpose.

Both OpenAI and Google chase lofty goals to work towards AGI which vaguely refers to that intelligence that surpasses the abilities of human beings. Actually, this is the main issue. They are chasing grander goals without paying attention to how greater wealth can be generated for humanity.

AI has to prove its usefulness by being beneficial financially in its journey. This is to be done by experimentation. The technology at times is used for personal productivity. The technology can be used in niches and not ubiquitously for anything and everything. AI is not quick-fix or magic. The sooner this is realized, the better.