Major tech companies investing billions in AI, but returns are not meeting expectations

From CNBC: 2024-07-19 15:01:00

Major companies like Meta, Google, Amazon, and Microsoft are spending billions on AI infrastructure, but returns are not meeting expectations. Microsoft has invested in OpenAI and Apple was able to secure a partnership for free. Experts warn of a growing gap between AI spending and results, signaling a potential industry bubble.



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