Comment on One in four CEOs say AI is a bubble but will continue investing
artyom@piefed.social 1 day ago
It’s not driven by fear, it’s arrogance. They think they won’t be caught holding the bag. They continue investing because the stock will continue going up because people keep investing. It’s purely speculative gambling. No one in this entire industry cares if it ever turns a profit. Pichai just got a $692B payday, despite not gaining a single dollar of profit from AI.
dogslayeggs@lemmy.world 1 day ago
This is mostly true for CEOs of for-profit corporations. But there are plenty of government orgs and non-profits also going hard on AI. They are afraid of falling behind and are trying to “make fetch happen” even though they don’t really have an answer for what AI will do for them.