AI Monetization Uncertain for Tech Giants

This is a news story, published by CNN, that relates primarily to AI news.

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Has the AI bubble burst? Wall Street wonders if artificial intelligence will ever make money | CNN Business

Summary

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77% Informative

Tech giants have promised that AI will revolutionize every industry.

But Big Tech still has relatively little to show for significant revenue gains from AI or profitable new products.

Amazon ’s less-than-impressive earnings and outlook Thursday could be mostly chalked up to concerns that it is spending a ton on AI without much to show.

Amazon 's stock down nearly 9% Friday .

Some investors question whether AI investments will ever pay off.

Tech CEOs agree that “the risk of underinvesting is dramatically greater than the risk of overinvesting” Tesla ’s AI-based “full self-driving” technology still requires an attentive human driver capable of taking the wheel.

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English

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