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This Is What Convinced Me OpenAI Will Run Out of Money (www.nytimes.com)

submitted 2 months ago by cm0002@toast.ooo to c/usa@midwest.social

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[–] Wiz@midwest.social 4 points 2 months ago (1 children)

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

[–] ToastedRavioli@midwest.social 3 points 2 months ago

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