[Conflict of interest disclaimer: We are FutureSearch, a company working on AI-powered forecasting and other types of quantitative reasoning. If thin LLM wrappers could achieve superhuman forecasting performance, this would obsolete a lot of our work.]

Widespread, misleading claims about AI forecasting

Recently we have seen a number of papers – (Schoenegger et al., 2024, Halawi et al., 2024, Phan et al., 2024, Hsieh et al., 2024) – with claims that boil down to “we built an LLM-powered forecaster that rivals human forecasters or even shows superhuman performance”.

These papers do not communicate their results carefully enough, shaping public perception in inaccurate and misleading ways. Some examples of public discourse:

Ethan Mollick (>200k followers) tweeted the following about the paper Wisdom of the Silicon Crowd: LLM Ensemble Prediction Capabilities Rival Human Crowd Accuracy by Schoenegger et al.:
A post on Marginal Revolution with the title and abstract [...]