this post was submitted on 19 Jul 2026
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AI hype seems to be cooling as tech stocks dramatically plunge (uk.finance.yahoo.com)
submitted 1 week ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] bridgeburner@lemmy.world 2 points 1 week ago (1 children)

Yeah that's a big IF. Currently, it seems that AI does NOT deliver the massive gains in productivity the AI companies promised. In fact, AI turns out to be a lot more expensive than human employees for a lot of companies, without delivering higher productivity.

[–] eicker@lemmy.world 0 points 1 week ago

The problem is that most companies aren’t really automating: as long as they continue to pay staff and invest in AI without changing their processes, they’ll simply be overtaken by others.