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AI investment concerns grow as Microsoft Copilot falls short

Nov 18, 2024 - businessinsider.com
The article discusses the challenges Microsoft is facing with its AI product, Copilot, which has not lived up to the hype. Despite CEO Satya Nadella's initial high expectations, the product only offers useful results about 10% of the time, according to a Microsoft executive. This raises concerns about the viability of AI, as many companies and the US stock market are banking on generative AI being revolutionary. However, Microsoft insists that its investment in Copilot is paying off, citing success stories like Lumen Technologies, which projects $50 million in annual savings from its sales team's use of Copilot.

In other news, Spirit Airlines has filed for Chapter 11 bankruptcy protection but assures customers it will continue to operate. The Trump-Musk relationship is discussed as being unprecedented in US politics. The article also mentions a lawsuit about trade secrets in Wall Street's data industry, the potential for US semiconductor jobs to benefit from Trump's proposed trade plan, and the impact of Trump's housing plans on homebuyers. The article ends with a brief mention of the G20 summit beginning in Rio de Janeiro.

Key takeaways:

  • Microsoft's AI product, Copilot, is not living up to the high expectations set for it, with one executive stating it only offers useful results about 10% of the time.
  • Despite challenges, Microsoft insists its investment in Copilot is paying off, with some customers projecting significant annual savings from its use.
  • There are concerns about the depreciation costs related to AI chips, with firms potentially facing the risk of the tech becoming irrelevant as new iterations emerge.
  • Spirit Airlines has filed for Chapter 11 bankruptcy protection but assures customers it will continue to operate as normal during its financial restructuring.
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