AI Struggles to Generate Money, Despite Hype

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 12 October 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

The big tech companies behind new artificial intelligence tools are struggling to make money off them. WSJ reporter Tom Dotan joins host Zoe Thomas to explain the reasons why and how tech companies like Microsoft, Google and Adobe are changing their approach. Plus, one of the most important witnesses in the fraud trial of Sam Bankman-Fried took the stand. For more developments in that case, check out the The Journal podcast’s special series The Trial of Crypto's Golden Boy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	At Salesforce, we're all about asking more of AI.
0:03.6	Questions like, where is the data going?
0:05.9	Is it private?
0:06.9	Is it secure?
0:08.0	Is it ready to use now?
0:09.8	How about now?
0:11.1	And if not now, when?
0:13.3	And how?
0:14.8	Get answers you can trust from Salesforce
0:17.0	at AskMoreOfAi.com.
0:19.6	Welcome to Tech News Briefing.
0:26.7	It's Thursday, October 12th.
0:29.0	I'm Zoe Thomas, the Wall Street Journal.
0:32.2	New artificial intelligence tools
0:34.0	promised to streamline work like writing memos
0:37.1	or computer code.
0:38.7	And could potentially save the businesses
0:41.4	that use them money.
0:43.1	But for the tech companies that develop these AI tools,
0:46.4	it's proving difficult to make money off these products.
0:50.4	Our reporter, Tom DeTon, is going to join us
0:52.4	to explain why that is and how big tech companies
	...

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