AI is entering a phase similar to the early internet era where businesses are just beginning to explore its potential, despite existing hype and concerns about disillusionment.
Gartner's 'trough of disillusionment' in the Hype Cycle suggests that while GenAI has high initial expectations, achieving a sustainable impact will take time as enterprises evaluate real use cases.
MongoDB CEO Ittycheria sees current AI developments akin to the 1996 web landscape, where foundational businesses are emerging, but widespread success and innovation are yet to unfold.
Despite the excitement around AI, enterprises are grappling with the long-term business case for GenAI projects, leading to concerns about a potential spending bubble.
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