▲ 883 ▼ Majority of CEOs report zero payoff from AI splurge (www.theregister.com) submitted 9 months ago by brianpeiris@lemmy.ca to c/technology@lemmy.world 105 comments fedilink hide all child comments 🎉 1
[–] vin@lemmynsfw.com 17 points 9 months ago (4 children) ~40℅ seeing a positive payoff is surprisingly high permalink fedilink source hideshow 4 child comments replies: [–] elephantium@lemmy.world 13 points 9 months ago (2 children) Are they seeing a payoff or just not admitting defeat (yet)? permalink fedilink source parent hideshow 2 child comments replies: [–] vin@lemmynsfw.com 4 points 9 months ago (1 child) Most CEOs say their companies aren’t yet seeing a financial return from investments in AI. Although close to a third (30%) report increased revenue from AI in the last 12 months and a quarter (26%) are seeing lower costs, more than half (56%) say they’ve realised neither revenue nor cost benefits. permalink fedilink source parent hideshow 1 child comment replies: [–] ErmahgherdDavid@lemmy.dbzer0.com 2 points 9 months ago I'd love to know more about that 30% reported increase and how real it is (I know this is never going to happen). Is it a) Nvidia<=>OpenAI b2b stuff where they increased revenue by grifting some other CEO b) massaging the numbers to make it look like AI is popular - Microsoft Office+Copilot style or c) there is genuinely something valuable that people are buying I feel like there is a whole lot of b) going on with companies baking AI into popular products and then going "ooh line gonup, must be AI" but I could be wrong. permalink fedilink source parent [–] rumba@lemmy.zip 7 points 9 months ago 40% fired a bunch of stuff who are either working harder or were actually able to leverage llm for some of their work. AI didn't have to do a good job, it just gave them an excuse to slash people permalink fedilink source parent
[–] elephantium@lemmy.world 13 points 9 months ago (2 children) Are they seeing a payoff or just not admitting defeat (yet)? permalink fedilink source parent hideshow 2 child comments replies: [–] vin@lemmynsfw.com 4 points 9 months ago (1 child) Most CEOs say their companies aren’t yet seeing a financial return from investments in AI. Although close to a third (30%) report increased revenue from AI in the last 12 months and a quarter (26%) are seeing lower costs, more than half (56%) say they’ve realised neither revenue nor cost benefits. permalink fedilink source parent hideshow 1 child comment replies: [–] ErmahgherdDavid@lemmy.dbzer0.com 2 points 9 months ago I'd love to know more about that 30% reported increase and how real it is (I know this is never going to happen). Is it a) Nvidia<=>OpenAI b2b stuff where they increased revenue by grifting some other CEO b) massaging the numbers to make it look like AI is popular - Microsoft Office+Copilot style or c) there is genuinely something valuable that people are buying I feel like there is a whole lot of b) going on with companies baking AI into popular products and then going "ooh line gonup, must be AI" but I could be wrong. permalink fedilink source parent
[–] vin@lemmynsfw.com 4 points 9 months ago (1 child) Most CEOs say their companies aren’t yet seeing a financial return from investments in AI. Although close to a third (30%) report increased revenue from AI in the last 12 months and a quarter (26%) are seeing lower costs, more than half (56%) say they’ve realised neither revenue nor cost benefits. permalink fedilink source parent hideshow 1 child comment replies: [–] ErmahgherdDavid@lemmy.dbzer0.com 2 points 9 months ago I'd love to know more about that 30% reported increase and how real it is (I know this is never going to happen). Is it a) Nvidia<=>OpenAI b2b stuff where they increased revenue by grifting some other CEO b) massaging the numbers to make it look like AI is popular - Microsoft Office+Copilot style or c) there is genuinely something valuable that people are buying I feel like there is a whole lot of b) going on with companies baking AI into popular products and then going "ooh line gonup, must be AI" but I could be wrong. permalink fedilink source parent
[–] ErmahgherdDavid@lemmy.dbzer0.com 2 points 9 months ago I'd love to know more about that 30% reported increase and how real it is (I know this is never going to happen). Is it a) Nvidia<=>OpenAI b2b stuff where they increased revenue by grifting some other CEO b) massaging the numbers to make it look like AI is popular - Microsoft Office+Copilot style or c) there is genuinely something valuable that people are buying I feel like there is a whole lot of b) going on with companies baking AI into popular products and then going "ooh line gonup, must be AI" but I could be wrong. permalink fedilink source parent
[–] rumba@lemmy.zip 7 points 9 months ago 40% fired a bunch of stuff who are either working harder or were actually able to leverage llm for some of their work. AI didn't have to do a good job, it just gave them an excuse to slash people permalink fedilink source parent