AI could transform business like the internet – or end up in the tech graveyard like the Metaverse.
Companies will have a chance to show that their increased spending on AI tech helped them make more money, over the quarter in which ChatGPT fully established itself in the public consciousness.
Zealots have used early success stories like Nvidia, Tesla, and other mega-cap names to argue that AI is like a new version of the internet – technology that outlasts a period of initial hype, and then transforms the way that business is done forever.
But for every dot-com boom there's so-called "disruptive tech" like crypto or the Metaverse – fads that end up losing companies money, rather than boosting their profits.
In other words, soon companies will have to show that AI can raise their profits like the internet did – or else it'll be consigned to the tech graveyard like the Metaverse was.
Persons:
Jensen, Jordan Stuart, Federated Hermes
Organizations:
Morning, America, Semiconductor, Nvidia, Tesla, Federated
Locations:
ChatGPT