In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”
I love how Fortune is presenting this as like maybe the CEOs had been deceptive. They are admitting it which means they pretended otherwise for a while and now they finally have to tell the truth… Except Fortune was selling the same line, right there together with the CEOs. Has Fortune apologized for its own part propping up this bubble, when everyone knew it was largely nonsense?
I love how Fortune is presenting this as like maybe the CEOs had been deceptive. They are admitting it which means they pretended otherwise for a while and now they finally have to tell the truth… Except Fortune was selling the same line, right there together with the CEOs. Has Fortune apologized for its own part propping up this bubble, when everyone knew it was largely nonsense?