stormeuh

joined 1 year ago
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95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds in c/technology@lemmy.world
[–] stormeuh@lemmy.world 1 points 3 hours ago

That's true yeah, there is a lot less retail investment in those companies.

What is similar to the dot com bubble though is many "smaller" companies (i.e. not Google or Meta) are buying into AI as an investment into infrastructure for their company, just like was happening with useless websites during the dot com bubble.

95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds in c/technology@lemmy.world
[–] stormeuh@lemmy.world 13 points 13 hours ago (3 children)

The AI bubble is going to be like the dot com bubble I think, but with the world being so heavily financialized it might spiral into something like 2008 or worse...