ANEW - The Search For The Killer AI App
2024-07-20 02:55:00 ET
Summary
- The one thing that most people appear to agree on, and one of the key arguments we made in our January outlook, was that the so-called 'killer app' has not yet appeared, eighteen months after the novelty of ChatGPT ignited the mania around GenAI.
- GenAI has not yet reached anything close to a critical mass of adoption rates among businesses outside of a few very large players in a small number of business sectors.
- The absence to date of a killer app has important implications for near-term equity market prospects, given the outsize role AI continues to play as a driver of market performance.
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The Search For The Killer AI App