Yannic Kilcher  explains how the AI community has gone through regular cycles of AI Springs, where rapid progress gave rise to massive overconfidence, high funding, and overpromise, followed by these promises being unfulfilled, subsequently diving into periods of disenfranchisement and underfunding, called AI Winters.

This video he explores a paper which examines the reasons for the repeated periods of overconfidence and identifies four fallacies that people make when they see rapid progress in AI.

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