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Microsoft CEO Admits That AI Is Generating Basically No Value (ca.finance.yahoo.com)

submitted 1 day ago by [email protected] to c/[email protected]

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"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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[–] [email protected] 6 points 1 day ago

I’ve basically given up hope of the bubble ever bursting, as the market lives in La La Land, where no amount of bad decision-making seems to make a dent in the momentum of “line must go up”.

Would it be cool for negative feedback to step in and correct the death spiral? Absolutely. But, I advise folks to not start holding their breath so soon…