Investors were briefly spooked last July when an M.I.T. study suggested that almost none of this is useful to businesses. Corporations had poured tens of billions of dollars into A.I., yet only one in 20 projects had succeeded, the study reported. But a Wharton study in October delivered the opposite verdict. After interviewing 801 leaders at U.S. companies, Wharton concluded that three-quarters of the businesses were getting a positive return on their A.I. investments.
So, the MIT study is based on actual projects succeeding or failing. Trump’s alma mater’s study is based on interviewing CXOs. I wonder which would give more reliable data? /sarc
Of 801 leaders at those US companies, 801 of them are balls deep in overinflated AI stocks. They realized they need to lie about the usefulness of AI or else their portfolios will tank
“Too big to fail” doesnt work when the tech doesnt work though. Fuck them all and let the market burn
Lmao the first paragraph (emphasis mine):
Wall Street fears it has an artificial intelligence problem. A.I.-related stocks are up so much that a fall feels inevitable, particularly if A.I. appears unlikely to live up to its hype. This is the wrong worry; A.I.’s promise is real.
I sure hope it doesn’t take 18 months. My electric bill is already high enough.
