Silicon Valley tech giants are facing uncertainty as investors doubt the profitability of artificial intelligence. Share prices of leading Western firms in the AI space have dropped significantly, raising concerns about the limitations of large language models like ChatGPT. Despite massive investments in AI, only a small percentage of American companies currently use it for their operations. The future of AI remains uncertain, with extravagant promises conflicting with the reality of adoption rates. Sam Altman of OpenAI sheds light on the challenges facing the tech industry in this evolving landscape.
https://www.economist.com/finance-and-economics/2024/08/19/artificial-intelligence-is-losing-hype