The article discusses the lack of investment in artificial intelligence (AI) despite its potential to transform the global economy.
While some companies are increasing their spending on AI, overall capital expenditure by businesses is weak.
The article suggests two possible interpretations: either AI is a bust and companies are struggling to find customers for their AI products, or the adoption of new technologies takes time and AI will eventually have an impact on the economy.
The second interpretation is more likely, with many CEOs expecting AI to have an impact in the next three to five years.
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