this post was submitted on 11 Mar 2026
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147
One in four CEOs say AI is a bubble but will continue investing (www.techspot.com)
submitted 20 hours ago by FallenWalnut@lemmy.world to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/44116850

The insane AI push is purely driven by fear of being left behind.

No one is actually stopping to ask whether it is all worth it.

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[โ€“] artyom@piefed.social 15 points 18 hours ago* (last edited 18 hours ago) (1 children)

It's not driven by fear, it's arrogance. They think they won't be caught holding the bag. They continue investing because the stock will continue going up because people keep investing. It's purely speculative gambling. No one in this entire industry cares if it ever turns a profit. Pichai just got a $692M payday, despite not gaining a single dollar of profit from AI.

[โ€“] dogslayeggs@lemmy.world 4 points 16 hours ago

This is mostly true for CEOs of for-profit corporations. But there are plenty of government orgs and non-profits also going hard on AI. They are afraid of falling behind and are trying to "make fetch happen" even though they don't really have an answer for what AI will do for them.