Posted 4/3/2024, 9:30:00 AM
AI Industry Facing Reality Check as Hype Meets Growing Pains
- Some AI leaders are questioning whether the hype around AI is overblown and unrealistic
- AI startups raised $50 billion in 2023 but few are profitable businesses so far
- There is skepticism around the prediction that AI will boost GDP by 130% by 2030
- The AI industry is spending much more money than it is making right now
- Recent AI startup troubles and leadership changes suggest some businesses grew too fast due to hype