The report quotes Google's Sundar Pichai as saying that the risk of underinvesting is dramatically greater than the risk of overinvesting – words that might easily come back to bite him on the gluteus maximus.
As The Register reported this week, Google is keen for customers to get on board the AI train, even though in its own report, only 43 percent of respondents said Gen AI had had a meaningful impact on productivity.
S&P admits that AI adoption by enterprises remains modest, noting that companies are still sorting through the proliferation of models and figuring out use cases. "We think these factors point to a longer path to monetization and maturity than previously expected," the report says.
https://www.msn.com/en-us/money/news/ai-or-bust-only-one-part-of-us-tech-economy-keeps-growing-says-analyst/ar-AA1oMW0U