Most companies developing AI capabilities have yet to gain significant benefits
Unsurprising. It's a hype bubble; it seems like only VCs and executives haven't realized that yet.It has however become a very good metric for spotting low quality technical leadership. If an executive or similar is talking about "AI" or "Machine Learning" without the ability to identify specific use cases that they're hoping to implement, then that is a huge red flag. AI, as much as it actually exists, is a tool to be applied to an end, not magic pixie dust to be sprinkled onto your product to make it more profitable.