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AI and "efficiency" are not even on the same planet right now. Did he mean to say "government burning piles of money in return for feathering oligarch's nests and little else"? Because that would be true.
Yeah I think a lot of managers are being given this particular marching order - "Figure out something to do with AI quickly!" It's insanity. You can build a bot to repeat a limited number of things, or you can hire people to be behind the bot actually making the decisions. Those are you options for "AI adoption and growth".
For numbers we expect to be padded, that's miserable. And yes, the usual money vacuums are involved, no surprise there.
The hype train has eaten minds - which we should not be surprised about given the predictable success of blatant propaganda around the world - but it's time to grow up and explain to the techbros that they fucked this up super big time. There is nothing worthwhile for most of the human-interaction use cases. And there won't be anytime soon.