@taskmaster4450le's thread

Big Tech doubles down on AI, $200 billion gamble raises concerns on Wall Street

ROI? Who said anything about ROI?

Cutting corners: Tech executives say there are long-term benefits to their AI investments, drawing parallels to the early days of cloud technology. However, Silicon Valley's spend-first, profit-later attitude tests many investors' patience. Amazon, Microsoft, Meta, and Alphabet have invested significant sums in AI infrastructure – money that has not yielded justifiable returns at this point – to the displeasure of Wall Street. And yet Big Tech is not to be deterred.

#bigtech #technology #ai #investment #wallstreet