A new survey conducted by the U.S. Census Bureau and reported on by Apolloseems to show that large companies may be tapping the brakes on AI. Large companies (defined as having more than 250 employees) have reduced their AI usage, according to the data (click to expand the Tweet below). The slowdown started in June, when it was at roughly 13.5%, slipping to about 12% at the end of August. Most other lines, representing companies with fewer employees, are also at a decline, with some still increasing.
Marx tapping the big sign marked “Tendency of the rate of profit is to fall”, but then looking at the already unprofitable AI spin-offs and just throwing his hands up in disgust.
I think there’s an argument to be made that the AI hype got a bunch of early adopters, but failed to entice more traditional mainstream clients. But the idea that we just ran out of new AI users in… barely two years? No. Nobody is really paying for this shit in a meaningful way. Not at the Enterprise Application scale of subscriptions. That’s why Microsoft is consistently losing money (on the scale of billions) on its OpenAI investment.
If people were adopting AI like they’d adopted the latest Windows OS, these firms would be seeing a steady growth in the pool of users that would signal profitability soon (if not already). But the estimates they’re throwing out - one billion AI adoptions in barely a year - are entirely predicated on how many people just kinda popped in, looked at the web interface, and lost interest.