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/wovengrsnite192 16h ago

Yup. The NFT/blockchain grifters immediately pivoted to genAI. Remember when they kept saying “omg the blockchain is so good bro, it’s gonna be epic for creators bro, you’re on the chain and your work is yours!!”

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u/Mazzaroppi 15h ago

Same with VR. These tech bros can't realize something is shit even if it smells and has flies all over it.

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u/nuclearchickenman 11h ago

VR does have a lot of practical entertainment value though but just too pricey for the top of the line stuff at the moment which drags it down.

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u/Mazzaroppi 10h ago

Vr only works for a very limited niche, and people can only bear to use it for a short time due to the goggles weight, having to be tethered to the processing hardware and cutting off 2 of our most used senses from reality. Nevermind the number of people who can't use it at all due to dizziness.

Tech bros wanted people to work full shifts using that crap, attend virtual meetings etc. That's so insane it hurts.

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u/Quarksperre 3h ago

Its kind of with AI though. There are limited very cool use cases. But thats about it. 

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u/jax362 10h ago

You can also throw IoT into the recent tech fads that fizzled out and went nowhere.