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Most AI spending driven by FOMO, not ROI, CEOs tell IBM

(www.theregister.com)
58 points mpweiher | 6 comments | 11 May 25 08:14 UTC | HN request time: 0.203s | source | bottom
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dannersy ◴[11 May 25 09:35 UTC] No.43952579[source]▶
Companies building entire workflows to replace existing ones on technology that is already expensive, is losing money on every use, failed to show it can reliably do the things it claims, has burned unknown billions in advancing marginally, and will almost certainly get exponentially more expensive as the AI providers realize they have no more investors as we precariously navigate possible global recession and trade/supply chain complications.

What could go wrong?

replies(3): >>43953845 #>>43954391 #>>43957497 #
Nihilartikel ◴[11 May 25 13:55 UTC] No.43953845[source]▶
At least it's not shitcoin crypto!
replies(2): >>43954330 #>>43954768 #
digianarchist ◴[11 May 25 16:15 UTC] No.43954768[source]▶
This feels more like regular crypto. Has a use and doesn’t disappear but never delivers on its original promise.
replies(1): >>43955421 #
1. throwaway314155 ◴[11 May 25 17:40 UTC] No.43955421[source]▶
> This feels more like regular crypto. Has a use...

That's debatable.

replies(2): >>43955925 #>>43959556 #
2. altprivacypls ◴[11 May 25 18:36 UTC] No.43955925[source]▶
I mean...., the only use case I think of, is probably monero or de-regulation.

I mean, I am no crypto bro. But Monero is definitely an up for privacy as a privacy enthusiast.

replies(1): >>43956179 #
3. BobaFloutist ◴[11 May 25 19:07 UTC] No.43956179[source]▶
It's pretty useful for committing crimes, I guess?
replies(2): >>43957607 #>>43959226 #
4. djhn ◴[11 May 25 22:11 UTC] No.43957607{3}[source]▶
Committing crimes can be useful for humanity. Wherever you live, or come from, I can almost guarantee the current regime in your country was the result of treason, revolution or usurpation. It’s also quite likely that this event was a net positive for your country. Every single rebel, revolutionary and freedom fighter is someone elses criminal and terrorist.
5. plsbenice34 ◴[12 May 25 02:56 UTC] No.43959226{3}[source]▶
Everyone that wants to transact privately and without censorship or middlemen is a criminal? This society is so sick that that's a common viewpoint
6. digianarchist ◴[12 May 25 04:07 UTC] No.43959556[source]▶
It has enabled an entire online commerce in illegal narcotics.