Ugly Numbers from Microsoft and ChatGPT Reveal that AI Demand is Already Shrinking

Major tech companies invested heavily in AI but are seeing little return. Microsoft spent $10 billion on AI for its Bing search engine, but Bing’s market share remains low. Meanwhile, ChatGPT’s website traffic is shrinking, contrary to expectations for a breakthrough technology.

Legal challenges around copyright and privacy are mounting, and consumer demand for AI appears to be low and declining due to issues like errors, offensive content, and lack of transparency. On the other hand, AI is succeeding at “shamming, spamming & scamming.”