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Investors expect AI use to soar. That's not happening

economist.com

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Re: Investors expect AI use to soar. That's not happening

#34
I am using it for ansible, php, java, c, linux configuration issues or general questions. Preparing excel sheets etc..

It's sped the time I need to produce projects from a usual span of 4-20 days to 1-2 days with another 2-3 Testing. Of course I still bill the time it would have taken me but for a professional it can be a great improvement.

While my country will be slow to adopt, we haven't even adopted to smartphones yet - hooray Germany, it will have to adopt eventually ( in 10 years or so )

Re: Investors expect AI use to soar. That's not happening

#36

What is the definition of "soaring"? The charts in the article showed that the percentage of the companies that adopt AI for automation has increase 3X. At least 40% of the companies pay for GenAI, and at least 10% of the employees use GenAI daily. Combined with the fact that the companies like OpenAI and Anthronpic frequently run out of capacity, how is the AI use not soaring?

  > at least 10% of the employees use GenAI daily.
Remember that this includes people who are forced to use it (otherwise they wouldn't meet KPIs and would expect conversations with HR)

Re: Investors expect AI use to soar. That's not happening

#37

What is the definition of "soaring"? The charts in the article showed that the percentage of the companies that adopt AI for automation has increase 3X. At least 40% of the companies pay for GenAI, and at least 10% of the employees use GenAI daily. Combined with the fact that the companies like OpenAI and Anthronpic frequently run out of capacity, how is the AI use not soaring?

- If microsoft bundles copilot to their standard office product, you become a company that pays for AI even if you didn't opt in

- Accidentally tapping the AI mode on the Google search will count as an AI search. DDG doesn't even wait for you to tap and triggers an AI response. Still counts as AI use even if you didn't mean to use

- OpenAI, Google and Microsoft have been advertising heavily (usage will naturally go up)

- Scammers using GenAI to scam increases AI usage and GenAI is GREAT for scammers

- Using AI after a meeting to get a summary is nice but not to enough to make a visible impact in a company output. Most AI usages fall in this bucket

This tech was sold as a civilisation defining. Not GPT-X but the GPT that is out now. Tech that was "ready to join the workforce" while the reality is that these tools are not reliable in the sense he implied. They are not "workers" and won't change the output of your average company in any significant way.

Sweet talking investors is easy, but walking the talk is another thing altogether. Your average business has no interest or time in supervising a worker that at random times behaves unpredictably and doesn't learn not to make mistakes when told off.

Re: Investors expect AI use to soar. That's not happening

#38
post #15
post #10

It will probably take decades for machine learning to transform the way we live and work.

Yes, just like computers and later the internet. The technology always preceeds the cultural/economic changes by decades.

Growth in the PC market and internet usage had a substantial bottom-up component. The PC, even without connectivity, was useful for word processing, games, etc. Families stretched their budgets to buy one in the 80's and 90's.

The internet famously doubled in connectivity every 100 days during its expansion era. Its usefulness was blindingly obvious - there was no need for management to send out emails warning that they were monitoring internet usage, and you'd better make sure that you were using it enough. Can you imagine!

We are at a remarkable point in tech. The least-informed people in an organization (execs) are pushing a technology onto their organizations. A jaw-droppingly enormous amount of capital is being deployed in essentially a "pushing on a rope" scenario.

Re: Investors expect AI use to soar. That's not happening

#39

> A survey by Dayforce, a software firm, finds that while 87% of executives use ai on the job, just 57% of managers and 27% of employees do. Perhaps middle managers set up ai initiatives to satisfy their superiors’ demands, only to wind them down quietly at a later date. The article quietly ignored two better explanations: the day to day work of executives can be automated more easily (Manna vibes) and/or the execs h…

I think it's that employees are afraid to say they use AI and executives are eager to say they use AI. Managers of course occupy both worlds.

There is a big compliance issue as well, in many corporations, AI is strictly forbidden so employees will claim they do not use AI at all, but they do.

Medical doctors as well, officially 0%, reality ?

Also many programmers hide the truth, because it is quite difficult to justify their salary (that was priced from the pre-AI times when programming was much more difficult).

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