Payoff From AI Projects Is 'Dismal', Biz Leaders Complain
The Register, Wednesday, June 12th, 2024
No wonder most orgs are slowing their spending
Businesses have become more cautious about investing in artificial intelligence tools due to concerns about cost, data security, and safety, according to a study conducted by Lucidworks, a provider of e-commerce search and customer service applications.
"The honeymoon phase of generative AI is over," the company said in its 2024 Generative AI Global Benchmark Study, released on Tuesday. "While leaders remain enthusiastic about its potential to transform businesses, the initial euphoria has given way to a more measured approach."