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I wouldn't call it overblown. It has been applied very successfully in a few places; for example, voice recognition.

Right now we're at the stage of the "seven blind men and the elephant". Over time, our eyes will open and things will start making sense.



Voice recognition has gotten a lot better. I'm almost impressed by my Amazon Echo. That said, for an arbitrary recording of say a conference presentation, you need to either use a human transcriber or expect to spend a LOT of time cleaning things up.

(A lot probably has to do with switching to more data-based approaches.)




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