this post was submitted on 26 Feb 2025
712 points (96.5% liked)

Technology

63277 readers
6099 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
712
Microsoft CEO Admits That AI Is Generating Basically No Value (ca.finance.yahoo.com)
submitted 20 hours ago by jeena@piefed.jeena.net to c/technology@lemmy.world
84 comments fedilink hide all child comments
 

"The real benchmark is: the world growing at 10 percent," he added. "Suddenly productivity goes up and the economy is growing at a faster rate. When that happens, we'll be fine as an industry."

Needless to say, we haven't seen anything like that yet. OpenAI's top AI agent — the tech that people like OpenAI CEO Sam Altman say is poised to upend the economy — still moves at a snail's pace and requires constant supervision.

you are viewing a single comment's thread
view the rest of the comments
[–] Snowstorm@lemmy.ca 2 points 6 hours ago

If you want a reference there is a Rational Reminder Podcast (nerdy and factual personal finance podcast from a Canadian team) about this concept. It was the illustrated with trains or phone infrastructure 100 years ago : new technology looks nice -> people invest stupid amounts in a variety of projects-> some crash bring back stock valuations to reasonable level and at that point the technology is adopted and its infrastructure got subsidized by those who lost money on the stock market hot thing. Then a new hot thing emerge. The Internet got its cycle in 2000, maybe AI is the next one. Usually every few decade the top 10 in the s/p 500 changes.