Slightly old news article that went under the radar and deserves more attention.
Major insurers are seeking to exclude artificial intelligence risks from corporate policies, as companies face multibillion-dollar claims that could emerge from the fast-developing technology.
AIG, Great American and WR Berkley are among the groups that have recently sought permission from US regulators to offer policies excluding liabilities tied to businesses deploying AI tools including chatbots and agents.
The insurance industry’s reticence to provide comprehensive cover comes as companies have rushed to adopt the cutting-edge technology. This has already led to embarrassing and costly mistakes when models “hallucinate” or make things up.
Archive: http://archive.today/ZfWyd
Honestly, if some of the nails in the “AI” coffin are “this shit is so insanely unreliable that we refuse to insure you if you use it”, I will not be upset at all.
It’s unfortunate in some cases, because highly targeted ML is actually fantastic for a lot of data-refinement and discovery use cases, but the fucking LLM + ImageGen + VidGen idiocy has sucked all the oxygen out of the room, and I think this iteration of the technology needs to die for all the truly stupid shit to go away - and it’s mostly truly stupid shit.
It’s unfortunate in some cases, because highly targeted ML is actually fantastic for a lot of data-refinement and discovery use cases, but the fucking LLM + ImageGen + VidGen idiocy has sucked all the oxygen out of the room, and I think this iteration of the technology needs to die for all the truly stupid shit to go away - and it’s mostly truly stupid shit.
As someone who used to be enthusiastic about the possibilities of ML, “AI” and who initially thought the new generation of LLMs a great advancement, this is what poisoned my fascination. Whatever potential it might have developed if it had slowly matured instead of being prematurely thrust into the public eye, burdened with unrealistic expectations and abused to the point that people hate the whole concept and I can’t even disagree anymore…
It has become a fucking parasite that needs to crash and take all the greedy assholes pitching it or buying it with them, so that hopefully its rotting carcass may become fertiliser for something more beautiful and useful than this ruinous wildfire of hybris and inhumanity.
This is probably the best way to kill the ridiculous AI trend - refuse to insure it.
“refuse to insure”, kills alot of thing actually, sadly.
It enforces putting your money where your mouth is, rather than someone else’s money so I’m perfectly fine with that.
Meanwhile, they love to use flawed LLM models to calculate premiums and assess claims, as long as they are more expensive or cheaper than the human experts come up with.
