AI revenues are growing fast, but not fast enough
economist.com
AI revenues are growing fast, but not fast enough
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Re: AI revenues are growing fast, but not fast enough
#2Re: AI revenues are growing fast, but not fast enough
#3“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.”
Brutal stuff.
Re: AI revenues are growing fast, but not fast enough
#4“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.” Brutal stuff.
AI will probably end up reducing lots of firms productivity because costs to defend against cyber attack is gonna skyrocket. Even for tech firms writing more code (the only thing AI is really good at so far) doesn't scale linearly with profits
Re: AI revenues are growing fast, but not fast enough
#5“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.” Brutal stuff.
If programmers play it right that'll be us working less and delivering the same results. Who said everything has to benefit the capital class?
Re: AI revenues are growing fast, but not fast enough
#6> A back-of-the-envelope calculation finds that covering aicapex through identifiable ai income requires revenue on the order of $2.5trn per year, more than tech’s entire combined revenue today.
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> All these complex calculations roughly tally with a much simpler one: adding up the ai revenue of the firms selling most of the ai. Anthropic pulls in perhaps $75bn, annualised; Openai makes tens of billions; Google, via its ai model Gemini, and Microsoft probably get a bit less. SpaceX may have a few billion dollars’ worth of revenue from enterprise aithis year. Meta also makes a few bucks from ai. Add this up and you land at roughly $150bn a year.
Re: AI revenues are growing fast, but not fast enough
#7“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.” Brutal stuff.
I am surprised they don't record a decrease, maybe this year could be better?
Re: AI revenues are growing fast, but not fast enough
#8“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.” Brutal stuff.
Not really. Most things take more time to transform than people think, even if capabilities exist. Which is not to say that they do exist, but rather, independent of whether they exist, that this is not very surprising.
Re: AI revenues are growing fast, but not fast enough
#9“ According to Mr Yotzov’s study, nine in ten executives report no impact of ai on their firm’s productivity over the past three years.” Brutal stuff.
I guess there is an inverse effect to bubbles (things go linearly up and then abruptly down), where nothing happens for a long time until all things happen at once.
Re: AI revenues are growing fast, but not fast enough
#10You really see the first mover disadvantages in US AI labs. And how second movers (open Chinese labs) can disrupt them. First movers tend to get overcapitalized and way ahead of their skis. You saw a smaller version of this in the vector database market (remember that?) where companies like Pinecone were getting billion+ valuations for capabilities which now seem like a commodity. There's vector DB companies now with much less debt / VC obligations that don't need to clear insane revenue levels to justify investment.