What is the meaning of AI benchmarks?

Reddit r/artificial News

Summary

A simple explanation about AI benchmarks, what scores mean, and why 100% does not mean AI cannot improve further.

Whenever a new model gets released, I see alot of posts that this model now performs 80% in this benchmark and 90% on that benchmark. Now what does that mean and what if an AI model achieves 100% on all the benchmarks? Does that mean AI model cannot get any better now?
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