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Microsoft CEO Admits That AI Is Generating Basically No Value (ca.finance.yahoo.com)
submitted 2 years ago by to c/technology@lemmy.world
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"The real benchmark is: the world growing at 10 percent," he added. "Suddenly productivity goes up and the economy is growing at a faster rate. When that happens, we'll be fine as an industry."

Needless to say, we haven't seen anything like that yet. OpenAI's top AI agent — the tech that people like OpenAI CEO Sam Altman say is poised to upend the economy — still moves at a snail's pace and requires constant supervision.

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[–] 10 points 2 years ago (1 child)

My theory is it's only a matter of time until the firing sprees generate enough backlog of actual work that isn't being realised by the minor productivity gains from AI until the investors start asking hard questions.

Maybe this is the start of the bubble bursting.

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  • [–] 6 points 2 years ago

    I’ve basically given up hope of the bubble ever bursting, as the market lives in La La Land, where no amount of bad decision-making seems to make a dent in the momentum of “line must go up”.

    Would it be cool for negative feedback to step in and correct the death spiral? Absolutely. But, I advise folks to not start holding their breath so soon…

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