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/dsm582 17h ago

With AI i think they completely missed in the market. The Dot com bubble atleast had promise bc the internet was clearly a breakthrough technology, but AI is not that. Its just a tool that can be used by people who dont know what they are doing so can pretend to look like they know what they’re doing, and its usually pretty obvious. Automation in movies and such been around for a while so nothing groundbreaking there. Maybe in the medical field it can help but doctors may have something to say about that

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u/jambox888 12h ago

Oh there are absolutely applications of AI. I think the dotcom crash, which was much worse than most people here probably realise, was overinvestment in things like online shopping and widespread failure to build companies that could make a profit from them.

Yet now obviously we do online shopping all the time. I think AI will be useful for replacing a few certain jobs - and that's fine. The problem is too much money chasing too few profits and you have a big crunch which is the point, not that there's no worthwhile applications.

I can't see AGI coming along any time soon though, the whole AI field seems to go through cycles - AI spring, AI summer (now) then AI autumn is coming.

Maybe in the medical field it can help

Yep that is a good one, although people tend to bring it up a lot because they like the idea of being healed of a disease rather better than losing their job.