”Big Tech, backed by venture capital and investment banks, has spent hundreds of billions of dollars each year on AI for the past few years. Yet the technology is reaching its limitations and can’t improve, as well as being far, far away from profitability. It is a perfect bubble, with colossal amounts of money being used to bolster completely unfounded and outright false speculation.”
—Will Lockett, The AI Bubble Is About To Burst, But The Next Bubble Is Already Growing
#ai #bigtech #finance