A.I. and the Trillion-Dollar Question

The article explores whether the current surge in artificial intelligence is a sustainable boom or a speculative bubble. It highlights the anxieties surrounding AI's potential impact on the economy and workforce, questioning if AI can truly deliver on its promises. Companies like Google, Meta, Amazon, and Microsoft are profiting significantly from the AI boom by providing computing power to smaller companies developing AI technologies. However, the article raises concerns about the profitability of these smaller companies and the potential consequences if they fail to generate revenue. The dot-com bubble is referenced as a possible analogy, suggesting significant financial losses could occur if the AI boom turns out to be unsustainable.