The AI Hype Bubble: Expectations vs. Reality

Current expectations for AI are overblown, with many companies finding that AI's ROI is far lower than anticipated. A MIT report reveals that 95% of companies that have adopted AI haven't seen any meaningful return on their investment. While AI tools are widely used, they're primarily employed for simple tasks like drafting emails and basic analysis, with complex tasks still dominated by humans. Some companies are even pulling back on AI investments; for example, the Commonwealth Bank of Australia is bringing back call center employees previously replaced by AI. AI valuations are overinflated, echoing the dot-com bubble of the 1990s, and the market is already showing signs of correction. While AI is important, for most companies, it's failing to deliver on its gold-plated promises.