No. of Recommendations: 22
Jeff,
Yes, your assessment is what many of us investors are seeing. It is in the too hard pile for me regarding making investments in the AI space.
However, AI is doing some amazing work for our little business. I was blown away recently by the volume of work it is doing in marketing research as well as other tasks in our fifteen person business. I have personally been using AI for product design work and it is enabling me to go far and fast in evaluating potential materials, rates of change under differing conditions and lots of other stuff being modeled that would have taken me 5X or more time to do. In our company's case, there are no job reductions, only more high value work being done.
My sense from these experiences is it may be an extinction event for those companies of all sizes who do not leverage the advantages of AI. Like you, I do not see how these AI companies make sufficient money to fund the AI "gift" presently being given to companies and to folks like us who use it. I'll let them deal with how to make money. For now, AI is doing wonders on my non-investment (the actual usage of AI) side of the ledger.
Thoughts?
Uwharrie
