(MIT Technology Review) – Though the technology may have been billed as a universal multitool that could revamp outdated business processes and cut costs, a number of studies published this year suggest that firms are failing to make the AI pixie dust work its magic. Surveys and trackers from a range of sources, including the US Census Bureau and Stanford University, have found that business uptake of AI tools is stalling. And when the tools do get tried out, many projects stay stuck in the pilot stage. Without broad buy-in across the economy it is not clear how the big AI companies will ever recoup the incredible amounts they’ve already spent in this race. 

At the same time, updates to the core technology are no longer the step changes they once were. (Read More)