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95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds
(thedailyadda.com)
this post was submitted on 21 Aug 2025
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Was chatting today with a prominent guy from my local chamber of commerce, which is a very powerful institution in my area. Alllllll he wanted to talk about was AI. I asked him if he thought it was more or less useful in specific areas, and he said it's here to stay. I asked him how companies tell them they use it, and he says it's going to be everywhere. I ask him what AI skills they're building internally (a topic he raised), and he said AI is going to get even more agentic.
These people cannot even begin to explain what AI is actually supposed to do for business.
The guy you talked to must be my CTO because my guy can't give one single specific example of how "every department" in the company is supposed to "integrate AI" into our "workflows"
It's pure FOMO, they are told it will do "everything" and don't want to be left out of this exciting new opportunity. They don't understand it, they don't analyse it, but the salesman told them they are very intelligent for making this purchase of snake oil.