"Big tech firms have spent tens of billions of dollars on AI models, with even more extravagant promises of future outlays.
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"Big tech firms have spent tens of billions of dollars on AI models, with even more extravagant promises of future outlays. Yet according to the latest data from the Census Bureau, only 5.1% of American companies use AI to produce goods and services, down from a high of 5.4% early this year. Roughly the same share intend to do so in the coming months."
https://www.economist.com/finance-and-economics/2024/08/19/artificial-intelligence-is-losing-hype via @TheEconomist
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