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AI adoption rate is declining among large companies — US Census Bureau claims fewer businesses are using AI tools (www.tomshardware.com)
submitted 1 year ago by to c/technology@lemmy.world
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A new survey conducted by the U.S. Census Bureau and reported on by Apolloseems to show that large companies may be tapping the brakes on AI. Large companies (defined as having more than 250 employees) have reduced their AI usage, according to the data (click to expand the Tweet below). The slowdown started in June, when it was at roughly 13.5%, slipping to about 12% at the end of August. Most other lines, representing companies with fewer employees, are also at a decline, with some still increasing.

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[–] 31 points 1 year ago (2 children)

13.5%, slipping to about 12%

I know that 1.5% could mean hundreds of businesses, but this still seems like such a nothing burger.

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  • [–] 65 points 1 year ago

    The issue isn't the percentage, it's that inverse of growth. Most investors desire growth to see returns on investment for their upfront capital. If growth isn't occurring, that's a good sign to read the room and pull your funding.

    Similar issues occurred with streaming services. Netflix is still profitable, but because the userbase isn't growing, investors and the financial world stopped seeing it as a valuable platform to invest in.

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  • [–] 16 points 1 year ago

    But they're already not making money, losing customers during the supposed growth phase is absolutely devastating. It's occuring all while AI is being subsidized by massive investments from the likes of microsoft and google, and many more namelesss VCs through OpenAI, anthropic etc.

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