Reported 3 months ago
In a recent discussion, JPMorgan's head of investment strategy, Jake Manoukian, emphasized that while the initial excitement around AI may be waning, significant investment in this technology is just beginning. With big tech companies expected to contribute $200 billion towards AI development this year, the analyst noted that their robust cash flow positions them favorably to 'build the ballpark' of AI, marking a stark contrast to the internet boom of the early 2000s.
Source: YAHOO