It remains “very difficult [to find] actual, materially measurable financial impacts” from spending on AI, per new study
Yet another study pointing in the same direction
![It remains “very difficult [to find] actual, materially measurable financial impacts” from spending on AI, per new study](https://substackcdn.com/image/fetch/$s_!JdDw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F169fb08d-1d9e-4738-a78e-7848573e43ca_1009x1422.png)
Greetings from New Delhi.
In an emailed newsletter, Laura Bratton at_The Information_has reported on a new study (direct link not available):
Anybody remember back in early 2023, when people imagined that ChatGPT was going to 10x every employee’s productivity and radically boost the GDP’s of entire countries?
So far, there’s zero evidence of anything like that happening at scale.
The juxtaposition between the minimal documentable[ROI](https://en.wikipedia.org/wiki/Return_on_investment)and the trillions of dollars invested in this technology remains[perverse and often baffling](https://slate.com/human-interest/1996/11/malcolm-gladwell-2.html).
[Subscribe now](https://garymarcus.substack.com/subscribe?)
P.S. In other news, early generative AI darling Character.AI has[filed for bankruptcy](https://www.reuters.com/legal/litigation/characterai-files-bankruptcy-agrees-sell-some-assets-disney-20-million-2026-10-13/), and Coreweave bonds have reached 15%, suggesting that credit markets have had enough.
P.P.S. This is[insane](https://garymarcus.substack.com/p/no-dario-amodei-we-will-not-be-curing?r=8tdk6&utm_campaign=post-expanded-share&utm_medium=web).
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https://bender.layer3.press/articles/cf281d61-f9e8-458f-b2df-787493269d25
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