The Way Billionaires Are Using AI May Cause Concern They Have Actual Brain Damage

If you had all the money in the world at your disposal, would you still use ChatGPT?

As part of a recent report, it was first spotted by Company magazinefinancial holding company JPMorgan asked 111 billionaire clients how they can benefit from artificial intelligence.

Their answers range from realistic to downright ridiculous, forcing us to question whether some of the richest individuals on the planet are suffering from AI-induced delusions.

Given the enormous enthusiasm among investors and the hype train attracting billionaires at an unprecedented rate, it should come as no surprise that AI adoption is widespread among the upper class. 79% of billionaires interviewed by JP Morgan said they “use AI in their personal lives,” while 69% said they use it in their business.

But exactly how they use technology has us scratching our heads. For example, one billionaire expressed enthusiasm for using AI to “design a blueprint for an airplane they hope to build.”

Given the technology’s widely documented shortcomings, including its strong tendency to make up facts on the spot, we have doubts that generative AI will come up with coherent plans for an airplane that can actually fly. As a reminder, we’re talking about tools that can’t reliably distinguish between fact and fiction, and have still been caught making massive factual errors, despite untold billions in investment.

Another billionaire told JPMorgan they were using AI as a “toy” to “create personalized bedtime stories for my son.” These stories are claimed to always have an “emotional twist at the end”. (Child development experts have warned parents against relying on artificial intelligence in raising children.)

That’s right: Even with practically unlimited financial resources at their disposal, billionaires are turning to AI-based chatbots to come up with derivative products for their children. Is the top one percent really that cheap? Given their income, they could easily commission entire children’s books tailored to their children’s desires and interests – but here we are, with billionaires using ChatGPT to create bedtime stories.

“The currency of life is time,” one billionaire told JP Morgan. “It’s not the money.”

“You think carefully about how you spend one dollar. You should think just as carefully about how you spend one hour,” they added.

The report also identifies a case in which “an AI-generated report helped avoid $100,000 in legal research costs,” a dubious claim that raises many questions. After all, we’ve already seen technology exploited by legal professionals to cite hallucinations in court.

In a more surprising tale, a billionaire family appears to be “working with an artificial intelligence team to develop 3D images of older family members for future generations,” according to the report.

Fortunately, not all of the billionaires I interviewed seemed to have lost their minds. Some of them have chosen to “eschew computers and rely on manual calculation or intuition,” acknowledging that AI can “sometimes hinder rather than help efficiency.”

One JPMorgan client even went so far as to dismiss artificial general intelligence – the vague, ill-defined point at which AI can outperform humans, and which many view as the holy grail of the AI ​​industry – as “a complete and total waste of time.”

Some appear to be concerned “about the trajectory of AI in terms of how many people might become unemployed and what that will do to society.”

How touching! We are glad that those who have accumulated almost unlimited personal wealth are concerned about AI automation and the effects of mass unemployment.

Moreover, who will design their own aircraft when the AI ​​inevitably cannot come up with the required blueprints?

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