Under the AI hype

UBS does some channel checks.

Summary

Over the last several months, we and investors have heard generative AI upside narratives from almost every tech firm. In this note, we offer a different perspective – a view of AI trends from F500 companies and AI start-ups. While still netting out positive, this more balanced feedback cuts through the AI hype and hits on issues including slow initial enterprise adoption, the potential commoditization of AI models and the challenge tech firms might have in pricing for AI features. We’re hosting AI update calls with European investors (Thu Jun 8th, 11:00am ET) and US investors (Thu Jun 8th, 1:00pm ET).

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.