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Artificial intelligence is losing hype

For some, that is proof the tech will in time succeed. Are they right?

A growing number of observers now question the limitations of large language models, which power services such as ChatGPT. Big tech firms have spent tens of billions of dollars on ai models, with even more extravagant promises of future outlays. Yet according to the latest data from the Census Bureau, only 4.8% of American companies use ai to produce goods and services, down from a high of 5.4% early this year.

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