IN THE TWO years since ChatGPT burst onto the scene, artificial intelligence has come to dominate investor consciousness more than any other technological breakthrough in the past two decades. Tech giants are spending tens of billions of dollars per quarter to beef up the computing power needed to develop and run AI systems.
To its biggest boosters, the impact will be astonishing: AI will replace legions of workers, help researchers discover life-saving drugs, enable companies to push into new markets and unleash vast efficiencies that will juice corporate profits for years to come. As a result, AI-related stocks have been responsible for much of the bull market that began in October 2022.
While AI is surely promising, it isn't generating much revenue relative to the cost. A recent Gallup poll found that only 4% of US workers use AI every day. More than two-thirds said they never do. Daron Acemoglu, a Nobel Prize-winning economist and MIT professor, has argued that common expectations around AI advances are overly optimistic. "The models we have right now are pretty impressive in some respects," he says. "They're still not usable broadly."
Denne historien er fra December 13, 2024-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 13, 2024-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Italy's steelmaker gets offer from Jindal
ITALY'S LARGEST STEELMAKER, formerly known as Ilva, has received 10 purchase offers, according to its administrators.
Amazon Puts End to Inclusion Programmes
AMAZON.COM INC is halting some of its diversity and inclusion programmes, a move that coincides with activist pressure on US companies to abandon efforts to build a more diverse workforce.
US Sanctions Unlawful, Says Russian Atomic Energy Agency
RUSSIA'S STATE ATOMIC Energy Corporation Rosatom has said the Biden administration's sanctions against it were \"unlawful\" and being seen as a form of unfair competition from unfriendly countries.
Apple defies anti-diversity plans
● Meta CEO says its good to celebrate aggression more
I would have beaten Trump, says Biden
Outgoing US President Joe Biden said that he would have defeated Donald Trump in the November general elections.
Big Tech CEOs to Attend Trump's Inauguration
SEVERAL PROMINENT TECH leaders are planning to attend Donald Trump's inauguration this month, the latest sign that the industry is trying to bolster its relationship with the president-elect ahead of his return to the White House.
Could monkeys really type all of Shakespeare?
Not in this universe, a new study concludes
Punk & emo fossils are a hot topic in paleontology
Scientists are excited to use them to understand origins of one of the biggest groups of animals
McDonald and Conrad show coaches work best in the background
APART FROM SKIPPER Rohit Sharma and batting superstar Virat Kohli, the one individual who received the most flak for India surrendering the Border-Gavaskar Trophy in Australia could be head coach Gautam Gambhir.
Vice Chancellors Will Become Viceroys
Governors have appointed vice chancellors in their sole discretion.