Washington Post: “The finances of America’s technology stalwarts now look very different. To develop and deliver what the companies say is revolutionary artificial intelligence, they’re feeding every available dollar into the cash-incinerating maw of AI machines. Tech superstars that once had oodles of cash left over at the end of each year are now flipping into the red, with enormous stakes for every American and the wider economy.”
”To optimists in Silicon Valley, the White House and beyond, the big AI bet promises an even bigger payoff: huge corporate profits and a society-wide boost to wealth and well-being when AI delivers the promised transformation of life, work and the economy.”
”But questions about that AI vision are now growing more urgent: When, if ever, will this payoff arrive? And what will the fallout be for Americans if the titanic investment doesn’t quickly deliver?”
