Yes, because there’s value in a common reference for comparison. It helps to shed light on different models’ relative strengths and weaknesses. And, just like with performance benchmarks, you can learn to spot and read past the ways that people game their results. The danger is really more in when people who are less versed in the subject matter take what are ultimately just a semi tamed genre of sales pitch at face value.

When such benchmarks aren’t available what you often get instead is teams creating their own benchmark datasets and then testing both their and existing models’ performance against it. Which is eve worse because they probably still the rest multiple times (there’s simply no way to hold others accountable on this front), but on top of that they often hyperparameter tune their own model for the dataset but reuse previously published hyperparameters for the other models. Which gives them an unfair advantage because those hyperparameters were tuned to a doffeeent dataset and may not have even been optimizing for the same task.