Comment on Majority of CEOs report zero payoff from AI splurge

vin@lemmynsfw.com ⁨15⁩ ⁨hours⁩ ago

• elephantium@lemmy.world ⁨12⁩ ⁨hours⁩ ago

  Are they seeing a payoff or just not admitting defeat (yet)?

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  • vin@lemmynsfw.com ⁨12⁩ ⁨hours⁩ ago

    Most CEOs say their companies aren’t yet seeing a financial return from investments in AI. Although close to a third (30%) report increased revenue from AI in the last 12 months and a quarter (26%) are seeing lower costs, more than half (56%) say they’ve realised neither revenue nor cost benefits.

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    • ErmahgherdDavid@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

      I’d love to know more about that 30% reported increase and how real it is (I know this is never going to happen). Is it a) Nvidia<=>OpenAI b2b stuff where they increased revenue by grifting some other CEO b) massaging the numbers to make it look like AI is popular - Microsoft Office+Copilot style or c) there is genuinely something valuable that people are buying

      I feel like there is a whole lot of b) going on with companies baking AI into popular products and then going “ooh line gonup, must be AI” but I could be wrong.

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• rumba@lemmy.zip ⁨8⁩ ⁨hours⁩ ago

  40% fired a bunch of stuff who are either working harder or were actually able to leverage llm for some of their work.

  AI didn’t have to do a good job, it just gave them an excuse to slash people

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