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Cake day: January 22nd, 2025
  • StarryPhoenix97@lemmy.worldtoTechnology@lemmy.world•95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report FindsEnglish
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    2 days ago

    You know what I think it is? The title is misleading. These companies probably had ZERO SUM GAIN when investing in AI. The upfront costs of investing in them didn’t see returns yet. That’s like saying a new restaurant isn’t profitable. If you know you know.

    Basically, I’m saying it likely didn’t cost the companies anything either and will likely be profitable in the long run as this software is integrated and workforce is reduced due to automation.

    R&D returned as much value as it consumed. So you can technically say “Zero Return,” and be correct from an accounting perspective. And since everyone hates AI they’ll believe it.

    Don’t get me wrong. AI is a Bubble industry but it’s not going to go away when it pops.