Comment on 95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds

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ilinamorato@lemmy.world ⁨15⁩ ⁨hours⁩ ago

First of all, because it doesn’t matter whether it’s actually real or not, investment doesn’t actually follow innovation. The actual value of a company or idea has almost nothing to do with its valuation.

But more importantly, why do you think that’s the important part of this conversation? I’m not talking about its long term viability. Neither were you. You were just saying that it was a new innovation and still had to mature. I was saying that it was actually a much older technology that already matured, and which is being given an artificial new round of funding because of good marketing.

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