Lucidworks
When OpenAI first released ChatGPT to the public back in late 2022, many people in business were gripped with an intense case of FOMO and started trying to stuff AI into practically everything, from customer chatbots to facial recognition in stadiums.
It was all done with an eye to increase efficiency and profit. But that may not have quite panned out: an AI company called Lucidworks released a new report on generative AI this week that revealed that many businesses aren't seeing much in financial returns from their adoption of AI products.
"In 2023, global leaders expected to see significant positive impacts across business operations, automation and efficiency, and customer experience with generative AI initiatives," the report reads, "Unfortunately, the financial benefits of implemented projects have been dismal. 42 percent of companies have yet to see a significant benefit from their generative AI initiatives."
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