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@ Chuck Darwin
2025-02-25 22:59:15
Microsoft CEO Satya Nadella
admitted that AI simply hasn't generated much value so far,
arguing that economic growth due to the tech, rather than technological benchmarks, would be a much more compelling demonstration of AI's actual accomplishments.
It was an unusually muted response given the tens of billions of dollars the tech giant has poured, and is planning to pour, into the development of AI and the infrastructure to support it
— despite real-world applications for the tech remaining few and far between.
Is Nadella worried about a looming dot-com-like bubble that's set to burst?
Now, investment banking company TD Cowen has informed Bloomberg that Microsoft has canceled some leases for the buildout of its US data center capacity,
further bolstering the possibility that the company is realizing it was overzealous in its plans to invest in the tech.
https://futurism.com/microsoft-ceo-hesitation-ai-expensive-data-centers