I'm no AI apologist, but for one, this is how investments, particularly speculative investments, work. They're investing money now in the _hopes_ of a future return. It's pretty early days still. Secondly, of _course_ the huge AI players are doing everything they can to overpromise and convince corporations to throw cash at them to keep the party going. I think the real problem is, it's just a bit too early, but ever…
It is rare that a third of the capital in the US stock market (by some recent estimates) is going for essentially the same speculative bet, though.
95% of Companies See 'Zero Return' on $30B Generative AI Spend
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Re: 95% of Companies See 'Zero Return' on $30B Generative AI Spend
#442Earlier quoted context omitted.
Smartest people will be working against that. You're thinking of opportunistic people with myopia.
Pretty much the entire tech industry has bent the knee by now - they even gifted the new ruler with golden statues. It's not just a handful of people...
Re: 95% of Companies See 'Zero Return' on $30B Generative AI Spend
#443Earlier quoted context omitted.
>> It's entirely possible that offloading that task to an LLM gives agents _more_ breathing room In theory, yes. But there is no way they are going to save millions by giving more breathing room to agents.
As a whole the incentives of capitalism are aligned as you suggest, but every major corp I've worked with has not-so-rare pockets of savvy middle managers that know how to play the game and also care about the welfare of their employees--even if the cultural incentives don't lean that way. (I'm assuming a US market here--and I'm at least tangentially aware that other cultures aren't identical) E.g., when I worked in…
Here's a relevant interview with the author, Robert Jackall: https://anso.williams.edu/files/2015/07/Jackall_interview_Ch...
Re: 95% of Companies See 'Zero Return' on $30B Generative AI Spend
#444Re: 95% of Companies See 'Zero Return' on $30B Generative AI Spend
#445Earlier quoted context omitted.
> This is how America ends up being ahead of the rest of world with every new technology breakthrough. Too young to remember GSM?
I don't think its controversial to say that in net, the US has had a good streak so far with new technologies. Yeah there have been some pretty big misses, but obviously the wins more than make up for them.
I just showed this is not true. There are plenty other examples.
From the down-votes - either we don't all agree on a common definition of Kings English, or it challenges some members self-identity.