this post was submitted on 26 Feb 2025
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Microsoft CEO Admits That AI Is Generating Basically No Value (ca.finance.yahoo.com)
submitted 1 month ago by jeena@piefed.jeena.net to c/technology@lemmy.world
123 comments fedilink hide all child comments
 

"The real benchmark is: the world growing at 10 percent," he added. "Suddenly productivity goes up and the economy is growing at a faster rate. When that happens, we'll be fine as an industry."

Needless to say, we haven't seen anything like that yet. OpenAI's top AI agent — the tech that people like OpenAI CEO Sam Altman say is poised to upend the economy — still moves at a snail's pace and requires constant supervision.

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[–] iamjackflack@lemm.ee 6 points 1 month ago

Well duh

[–] Jumpingspiderman@lemmy.world 6 points 1 month ago (4 children)

AI is burning a shit ton of energy and researchers’ time though!

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[–] straightjorkin@lemmy.world 6 points 4 weeks ago

Makes sense that the company that just announced their qbit advancement would be disparaging the only "advanced" thing other companies have shown in the last 5 years.

[–] AA5B@lemmy.world 4 points 4 weeks ago (1 children)

For a lot of years, computers added no measurable productivity improvements. They sure revolutionized the way things work in all segments of society for something that doesn’t increase productivity.

AI is an inflating bubble: excessive spending, unclear use case. But it won’t take long for the pop, clearing out the failures and making successful use cases clearer, the winning approaches to emerge. This is basically the definition of capitalism

[–] capybara@lemm.ee 5 points 4 weeks ago (1 children)

What time span are you referring to when you say "for a lot of years"?

[–] AA5B@lemmy.world 3 points 4 weeks ago (1 children)

Vague memories of many articles over much of my adult life decrying the costs of whatever the current trend with computers is being higher than the benefits.

And I believe it, it’s technically true. There seems to be a pattern of bubbles where everyone jumps on the new hot thing, spend way too much money on it. It’s counterproductive, right up until the bubble pops, leaving the transformative successes.

Or I believe it was a long term thing with electronic forms and printers. As long as you were just adding steps to existing business processes, you don’t see productivity gains. It took many years for businesses to reinvent the way they worked to really see the productivity gains

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[–] RizzRustbolt@lemmy.world 3 points 4 weeks ago

Joseph Weizenbaum: "No shit? For realsies?"

[–] sexy_peach@feddit.org 3 points 4 weeks ago

I knew

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