Microsoft, Amazon, Meta, Google Are 'Collectively Overinvesting' In AI: 'That's Betting, Not Investing,' Says 'Dean of Valuation'
Aswath Damodaran says Microsoft, Amazon, Meta and Google are collectively overinvesting in AI, calling the capex race “betting, not investing.”
Some smart money experts think big tech companies are spending too much money on AI without being sure it will make them profit. When companies spend huge amounts betting on something new, it's worth watching to see if their bets actually pay off.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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