• In a recent IBM survey of 2,000 CEOs, Big Blue found that “only 25% of AI initiatives have delivered expected ROI
• “64% of CEOs surveyed acknowledge that the risk of falling behind drives investment in some technologies before they have a clear understanding of the value they bring to the organization, but only 37% say it’s better to be ‘fast and wrong’ than ‘right and slow’ when it comes to technology adoption.” 
• some in the industry have been doing the business math — and they’re finding genAI isn’t delivering on its promises. 
• There’s a teeny-weeny problem with that: users aren’t adopting Copilot.
• t was essentially a flat line, showing around 20 million weekly users.”
• Even Microsoft CEO Satya Nadella realizes that some things are fundamentally wrong with AI.  He recently acknowledged there’s no killer app for AI.
• OpenAI, the leading generative AI company, reportedly spent $9 billion in 2024 to generate about $4 billion in revenue
• as Ed Zitron, well-known tech maven and cynic, said that OpenAI loses money on every paying customer, burning billions annually despite rising subscription numbers.
• True, some smaller genAI companies such as Tempus AI, which applies the technology in precision medicine, show promising financial momentum. It reported a 75% revenue increase
• Tempus focuses on a particular business case in which it could improve. There’s a lesson here for anyone who wants to use genAI tools successfully. 

• re, Nvidia is doing great guns, but it’s not selling to businesses or consumers that use genAI. It sells to the companies that want to sell you AI services — there’s a big difference. 

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

     
• So long as startups such as OpenAI and Anthropic raise tens of billions of dollars, Nvidia will be fine

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