The AI revolution has achieved something truly unprecedented: billions in spending, endless executive keynotes, and no measurable payoff for most businesses. Apparently the killer app was convincing CEOs to transfer their budgets to seven tech companies: »Revenue per worker is rising for the Mag 7 but is flat for the S&P 493.«

Professional grifter finds new grift not sufficiently contributing to grift counter.

I’d argue that most tech companies aren’t actually seeing benefit matching what they’ve wasted ineffectively

It’s even funnier when consumers adopt AI agents to get refunds, move money around to high yield accounts, find deals and coupons and companies panic when it works.