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America is now one big bet on AI
It’s seen as the magic fix for every threat to the US economy
The risky bet by AI start-ups
Broader, integrated software platforms for business will win out against those selling specific services
Big Tech groups race to fund unprecedented $660bn AI spending spree
Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending
Big Tech’s AI spend is still a shot in the dark
Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness
AI has a cargo cult problem
Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic