When will AI firms start making money?
It's not just that the gap between the industry's spending and investors' returns on that spending looks characteristic of a financial bubble, as we initially argued. It's that the gap has widened, such that the revenue flows needed to close it look implausibly large.
#JaredBernstein #AI #Bubble
https://econjared.substack.com/p/ai-companies-are-in-a-race-against