BlackRock: AI Boom Still in Phase 1 as Amazon, Google, Microsoft Fuel 'Massive Build-Out'
BlackRock’s Wei Li says AI is still in Phase 1 despite nearly $600 billion in Big Tech spending, with adoption and productivity still ahead.
Big tech companies like Amazon, Google, and Microsoft are spending huge amounts of money on AI, but experts think we're still in the very early stage—like the beginning of a really long race. When you see these companies keep investing big money, it suggests they believe AI will become much more important and useful in the future.
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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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