Reported 2 months ago
In the current earnings season, major tech companies like Meta, Microsoft, Amazon, and Apple are ramping up their investments in AI, with spending projected to be in the tens of billions. This escalated spending is seen as part of a competitive race to dominate generative AI, which many believe could be the next transformative technology. However, concerns are raised about whether such high stakes may lead companies to push AI solutions even when they may not be necessary, as the industry has previously seen transformative technologies fail to deliver on their promises.
Source: YAHOO