2024 is a year of reckoning for AI - The Verge
notes
now that it is 2025, it doesn't feel the reckoning has come (yet).
these companies are burning more money than ever, though we are seeing consolidation and further proof that the chatbot is the killer app (still).
AGI continues to be around the corner and the hype seems to be higher than ever...
link
summary
The article discusses the current state of AI hype and investment, suggesting that 2024 will be a year of reckoning as businesses evaluate the actual capabilities of AI and its impact on productivity. While there's significant interest in AI tools across industries, recent earnings reports from tech giants like Microsoft and Alphabet show that investor expectations haven't been met, leading to stock drops despite strong revenue growth. The article examines the role of Microsoft's Copilot as a key indicator of AI adoption and discusses challenges like high costs and the need for sustainable business models in the AI sector. It also highlights concerns about the over-hype of AI and the potential for disappointment if actual returns don't meet the inflated expectations.