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253 The AI Profit Fantasy

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Martin Peers @ The Information · today 20:00 EDT

The AI Profit Fantasy

In years to come, we might look back at this period in tech as one in which the entire industry was in the grip of a mass delusion, namely the idea that artificial intelligence would prove to be good for business. Of course, it’s still early days. But so far, AI has proven lucrative primarily for the companies involved in making and selling AI chips and the servers they power—Nvidia, TSMC and Dell. For many others, it’s a money pit. We previously knew that was true of OpenAI, but a new example is Oracle, a.

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