People Loved the Dot-Com Boom. The A.I. Boom, Not So Much.

People Loved the Dot-Com Boom. The A.I. Boom, Not So Much.

The New York Times business

Key Points:

  • Silicon Valley executives claim artificial intelligence will drastically improve lives and become as transformative as electricity or fire.
  • Historically, new technologies like radio and television were also promised to fundamentally change society, but those expectations were often unmet.
  • Public skepticism toward AI is significant, with over a third fearing it could end human life and many unwilling to pay extra for AI features on devices.
  • A recent survey found 80% of firms report no impact from AI on productivity or employment, indicating slower adoption than anticipated.
  • OpenAI CEO Sam Altman acknowledges greater resistance to AI integration into culture and economy than initially expected.

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