Silicon Valley’s tech bros are having a tough few weeks. A rising variety of buyers fear that artificial intelligence (AI) won’t ship the huge earnings they search. Since peaking final month the share costs of Western companies driving the ai revolution have dropped by 15%. A rising variety of observers now query the constraints of huge language fashions, which energy companies similar to ChatGPT. Large tech companies have spent tens of billions of {dollars} on ai fashions, with much more extravagant guarantees of future outlays. But in keeping with the newest knowledge from the Census Bureau, solely 4.8% of American corporations use ai to provide items and companies, down from a excessive of 5.4% early this yr. Roughly the identical share intend to take action inside the subsequent yr.
