KPMG finds nearly a third of execs struggle to understand

As is the norm. I'm actually surprised it's only a third.

Well here is the thing, like there are Known Unkowns and Unkown Unkowns, there are Honest Bullshitters and Bullshitters.... so yeah I bet it is a lot higher than that lol.

"enabling customers to amplify their IQ with AI while refining their differentiated value in the markets that they serve."

Jesus

The research also found nearly half of organizations have rephased AI deployments when costs have outweighed the expected value.

Nearly half are capable of basic introspection and some simple math. Honestly, a bit higher than I expected.

... but AI is still pretty great.

Ok. Buddy, CEO. Hang in there. Some folks will probably get stuck paying for continued tokens, anyway. The ride might be ending, but maybe they'll be a long tail on the biggest suckers.

Also, turns out when you stop trying to understand what’s under the hood of what you’re selling, your org is addicted to LLMs. Exactly to plan.

Amazon plans capital expenditure of around $200 billion this year, largely to provide capacity for AI in its AWS datacenters

Both companies are now investing significantly in forward-deployed engineering to help customers develop AI applications that will generate demand for the capacity being built.

$200 billion to fulfill demand that doesn't even exist yet.

$200 billion to fulfill demand that doesn't even exist yet.

Doesn't exist yet, and might never exist. Current evidence points towards reduced usage as companies start to realize they've been sold a lie, and are having to rehire the devs they fired.

Protip if you are in a job interview and something is said like this, get up and run.