Massive spending is needed, but the profits will be meagre on the short
to medium term, just like it was in case of the Internet in the early
2000s. Investors have priced in massive profits, but that cannot happen,
because it all has to trickle down from the end-consumer who aren't
going to be able to spend a lot more in the short to medium term.
Investors are slowly starting to see the writing on the wall, that's why
META shares sold off on the news that META plans to invest a lot more in
AI. NVIDIA may follow suit soon:
https://www.youtube.com/watch?v=L1FWykYvV10&t=870s
Saibal
On 28-04-2024 13:53, John Clark wrote:
Explore this gift article from The New York Times. You can read it for
free without a subscription.
In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
The spending that the industry’s giants expect artificial
intelligence to require is starting to come into focus — and it is
jarringly large.
https://www.nytimes.com/2024/04/27/technology/ai-big-tech-spending.html?unlocked_article_code=1.n00.wnjx.g7BWR6BsPrbE&smid=em-share
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