Why Big Tech's AI Spending Is $3T Higher Than It Seems

Why Big Tech's AI Spending Is $3T Higher Than It Seems(wsj.com)

18 points by doener 7 days ago | 3 comments

jqpabc123 7 days ago |

It's capitalism run amuck.

If AI is wildly successful and replaces lots of jobs, fewer people will be able to purchase what AI helps produce.

In other words, the economy will shrink and the stock market will crash.

If AI is not wildly successful, a lot of high value companies will be in debt up to their eyeballs.

In other words, they will be less profitable and the stock market will crash.

The overall result is not good in either case.

lithos 7 days ago | |

If the MBAs/Managers/HR can not find a way to utilize their now more productive workers, they should be replaced.

hennell 7 days ago | | |

They have, they utilise them to replace all the other workers they let go. It's a two line metric, productivity must go up, costs must go down. They want to do more with less, not more with the same.