As Wall Street Frets Over Alphabet's AI Spending Binge, Mark Cuban Says Google Is Simply Doing What Worked in 1998: 'We Needed to Have More Than Anyone Else… and We Did'
Mark Cuban compares Alphabet's AI CapEx to the 1998 tech boom, defending the giant's need to 'push in all their chips' to secure dominance.
Google is spending huge amounts of money on AI technology because they think it's important for their future, just like tech companies did in the 1990s when the internet was new. When a big company invests heavily like this, it can mean they believe in their plans—but it also means watching to see if those plans actually work out.
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