The WSJ notices that the AI industry has an “underpants gnomes” theory of profit.

Current AI spending means the industry needs $2 trillion in annual revenue by 2030, according to estimates from Bain & Co. That’s “more than five times the size of the entire global subscription software market,” write Eliot Brown and Robbie Whelan. But there’s a plan: 1. Build data centers. 2. ???? 3. Profit. Anyway, I’ve been wondering about this for a while now. [Link: Spending on AI Is at Epic Levels. Will It Ever Pay Off? | https://www.wsj.com/tech/ai/ai-bubble-building-spree-55ee6128 | wsj.com]

Raccontata datheverge.com