ASKING THE IMPORTANT QUESTIONS: What if A.I. Doesn’t Get Much Better Than This?

Lots of juicy details, but this one stands out:

Continuing to buy into the A.I. hype might bring its own perils. In a recent article, Zitron pointed out that about thirty-five per cent of U.S. stock-market value—and therefore a large share of many retirement portfolios—is currently tied up in the so-called Magnificent Seven technology companies. According to Zitron’s analysis, these firms spent five hundred and sixty billion dollars on A.I.-related capital expenditures in the past eighteen months, while their A.I. revenues were only about thirty-five billion. “When you look at these numbers, you feel insane,” Zitron told me.

Something that can’t go on forever will stop, the wise man once said.