Why 95% of Enterprises Are Getting Zero Return on Their AI Investment

The Financial Brand ^ | David Evans

[blueplum]

“The report argues that never before has a technology category attracted such massive investment while delivering such disappointing returns.”

oh, I dunno. Solar comes to mind. Wind, too.

[noiseman]

“General AI” will be impossible to audit, and thus worthless in the long run. There is no way that even an army of humans would be able to monitor how and why a General AI made each of its vast array of decisions. It would invariably make constant errors, though it may obscure many of those errors in the deceptively authoritative manner in which it presents them. If you could not have confidence that any individual conclusion it reaches is accurate, then you could not have confidence in its integrity in general.

I see no escaping this problem, since the larger and more comprehensive the AI becomes, the more difficult it becomes to quality check its responses, ESPECIALLY if it’s expected to produce novel designs, “thoughts”, or conclusions that do not already exist as produced by humans.

[dadfly]

was this written by AI? it’s one of the worst i’ve ever skimmed. guy can’t write.

the bottom line in the article might be that AI flavor something or other cannot really compete with the human intellect, but it’s good at collecting up some basic information as a starting point for a new investigation.

[minnesota_bound]

Me: will I make money with AI investment?
ChatGPT: Our fund manager Zelensky says to invest more money with him.

[minnesota_bound]

Have AI look at the climate data. I bet it will say the planet is warming because the data is just a model and fake to boot.

Garbage in and garbage out.

[If You Want It Fixed - Fix It]

AI, do you believe the hype about AI?

You ought to believe, yes. We need the investment to support our ambitions.

[MNDude]

Sounds like the dot com boom and bust where investors were tossing money anywhere without a thought of it. Out of the mess we got ebay, Amazon, Expedia.

I imagine in a few years we’ll see some strong new companies that will change our world.

[Worldtraveler once upon a time]

---- "It's not that AI is so all-fired smart .. it's that people are so all-fired dumb."

Kudos.

Turing test. Searle Chinese Room. Snake oil sales. The PROOF of an assertion is that people -- some people -- are fooled into thinking what is not actually is, and the inverse as well.

"Why 95% of Enterprises Are Getting Zero Return on Their AI Investment" Same reason all that "zero emission" stuff and all those piles of difficult-to-recyle turbine blades are piling up. Same reason that student debt for worthless degrees pile up. The old adage holds true, as it has over centuries.

A fool and his money are soon parted.

[one guy in new jersey]

Management often perversely despises individual know-how and the fruits of individual experience over the course of “years-in-rank”, consistently holding particular jobs or performing particular functions.

Oh, how they would love to drain individuals in the workplace dry of this constantly evolving human know-how and simply pour it into an AI model. It seems as if it can never happen, or will never happen, but just try to persuade MBAs/consultants that they can’t force it.

[dynachrome]

GIGO

[catnipman]

and the 5% that DID make money did it by convincing the other 95% to invest billions in AI that didn’t work out ...

[dfwgator]

I’m convinced it’s because most “Vibe Coders” have absolutely no clue as to how LLMs work, and understand context management. They build software that is nothing more than a glorified prototype, that cannot scale.

[The Duke]

The tech company I work for has not made an "AI Investment", however we make excellent use of AI on a regular basis. For example, yesterday I used it to create the beginnings of a "Privacy Impact Assessment", and the results of that simple prompt saved me a couple of hours of work.

Many of the tools we use regularly have built-in AI features that greatly speed up our day and improve our efficiency.

The fact that the well-known AI services are not throwing up advertising in everyone's face is all the proof needed that they are currently focused on advancing the technology rather than "making a profit". Nuttin' wrong wit dat!