MIT Study Shows 95% Of Companies Get No ROI Pressuring Wall Street Confidence In Tech’s Growth Narrative

Benzinga

An MIT study found that 95% of organizations saw no return on their investments despite $30 billion to $40 billion poured into generative AI initiatives, according to Axios. The study showed companies that bought AI tools fared better than those that tried to build them internally, though widespread disruption remains elusive. The findings come as investors grow wary of record AI spending by Big Tech, with some strategists warning of parallels to the dot-com bubble.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03An MIT study found that 95% of organizations saw no return on their investments despite

00:08$30 billion to $40 billion poured into generative AI initiatives, according to Axios.

00:14The study showed companies that bought AI tools fared better than those that tried to build them

00:18internally, though widespread disruption remains elusive. The findings come as investors grow

00:25wary of record AI spending by big tech, with some strategists warning of parallels to the

00:30dot-com bubble. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended