The Generative-AI Revolution May Be a Bubble
Tech firms have been spending historic amounts of money on AI—but will it pay off?
Why have the big seven tech companies been hit by AI boom doubts?
Their shares have fallen 11.8% from last month’s peak but more AI breakthroughs may reassure investors
Dario Maisto, a senior analyst at Forrester, says a lack of economically beneficial uses for generative AI is hampering the investment case.“There is still an issue of translating this technology into real, tangible economic benefit,” he said.
GenAI sinks into the 'trough of disillusionment'
GenAI faces growing skepticism as it struggles to deliver on high expectations Early excitement for ChatGPT and LLMs has shifted to concerns about costs, p | GenAI faces growing skepticism as initial excitement wanes, with the industry now focusing on overcoming practical and ethical challenges.
“People believe it really can solve a lot of things that it can't. I mean, the unfortunate thing is that OpenAI was amazing. But it was useless. It can't really do anything.”