this post was submitted on 19 Jul 2026
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AI hype seems to be cooling as tech stocks dramatically plunge (uk.finance.yahoo.com)
submitted 20 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] zurohki@aussie.zone 34 points 14 hours ago (1 children)

We need to be hearing AI customers saying "This is so great, we're going to double our AI spend next year!"

We're actually hearing "What's the ROI on this? We're looking to cut back."

That's just not consistent with the exponential growth OpenAI and Anthropic need to survive.

[–] Grandwolf319@sh.itjust.works 16 points 8 hours ago

That's just not consistent with the exponential growth OpenAI and Anthropic need to survive.

I honestly can’t think of a worse business model than needing exponential growth just to survive.