Tech CEOs Are Quietly Cancelling Their AI Plans

https://www.youtube.com/watch?v=NBtUgWn-nHs

Wendys, Starbucks, Uber, The Big Mouth Mark Benioff, all quietly removing their foots from their mouths and backtracking on AI due to failures and no ROI. AI cant even handle drive though hamburger orders.

Tech CEOs spent the last two years promising AI would replace workers, cut costs, and transform everything. Now they're quietly cancelling data centers, rehiring humans and admitting the math doesn't work. From Microsoft pulling back on billions in infrastructure to Starbucks ki-ling its AI inventory system after it couldn't count milk, Uber burning through a year of AI budget in four months, and one company accidentally spending $500 million on AI tools in a single month the AI hype is hitting reality. Even Sam Altman now says he was wrong about AI replacing jobs.

Sure they are... there is an endless parade of talking heads on youtube professing everything. Do you ever ask yourself what is the person talking getting out of this? These people are making money on the number of hits. Not to mention shorting stocks they put down and other forms of income. Their full time job is talking and creating videos.

This guy has dozens of similar videos and he brings up some good points brings up some very good points but his data is not easily verifiable you just have to take his word for it and that is never a good idea on the Internet. He clearly has an axe to grind with OpenAI and Anthropic which gives impression of a highly biased presentation. He is basically saying what people being impacted by AI want to here.

I think that AI is a bubble that is far bigger than that of the Internet bo-m of the late 90s. It will pop and probably fairly soon for some of the reasons mentioned in this video. What makes this tech bubble different is that it is combined with a lot of financial shenanigans similar to what happened in the housing bubble of 2008/9. This combined tech and financial bubble collapse of AI will be a far greater than the previous two downturns combined. AI will survive the collapse and build at a more tempered rate similar to how the Internet recovered from its initial collapse and has grown to be a staple of modern life.

This guy has 2 traits I typically avoid, name droppers and people who have nothing good to say about anything.

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