The article discusses the challenges companies face in monetizing artificial intelligence (AI) and the need for patience as they navigate this process. According to the CEOs of major tech companies like Microsoft, Google, and Nvidia, it may take until 2024 or later for AI to generate significant revenue. The key points are: 1) AI is still in its early stages, and companies are investing heavily in research and development. 2) Monetizing AI is complex, as it requires integrating the technology into products and services. 3) CEOs emphasize the need for patience, as AI’s full potential may not be realized for several years. 4) However, they remain optimistic about AI’s long-term impact and believe it will drive future growth and innovation. 5) Companies are exploring various monetization strategies, such as subscription models, cloud services, and AI-powered software. The article highlights the importance of perseverance and a long-term vision in the AI space.
Source: https://www.businessinsider.com/when-will-companies-monetize-ai-ceos-ask-for-patience-2024-4