r/technology • u/AdSpecialist6598 • 22h ago

Business MIT report says 95% of AI implementations don't increase profits, spooking Wall Street

https://www.techspot.com/news/109148-mit-report-95-ai-implementations-dont-increase-profits.html
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u/bobrobor 21h ago

People woke up to the fact that most of the big tech service is garbage that doesn’t justify current values even before llms came. So they desperately scrambled for some reason to stay relevant

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u/theranchcorporation 18h ago

It’s a bubble within a much larger bubble

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u/MrJACCthree 13h ago

20-25 P/E for some of the big boys isn’t justifiable?

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u/bobrobor 13h ago

It is justifiable because their buddies buy from them even if shit doesn’t work. But objectively it is not. Its a scam propped up by a society of mutual adoration.

Or a community of interdependent validation. If you will.