Lees "Ugly Numbers from Microsoft and ChatGPT Reveal that AI Demand is Already Shrinking"
The AI hype is collapsing faster than the bouncy house after a kid’s birthday. Nothing has turned out the way it was supposed to.
For a start, take a look at Microsoft—which made the biggest bet on AI. They were convinced that AI would enable the company’s Bing search engine to surpass Google.
They spent $10 billion dollars to make this happen.
And now we have numbers to measure the results. Guess what? Bing’s market share hasn’t grown at all. Bing’s share of search It’s still stuck at a lousy 3%.
In fact, it has dropped slightly since the beginning of the year.
What’s wrong? Everybody was supposed to prefer AI over conventional search. And it turns out that nobody cares.