Big Tech's huge AI spend creates 'a little bit of a prisoner's dilemma' that hits everyone, says a hedge fund exec

By Yahoo! Finance   |   1 month ago
Big Tech's huge AI spend creates 'a little bit of a prisoner's dilemma' that hits everyone, says a hedge fund exec

The race for AI dominance among Big Tech has created a costly trap, according to a hedge-fund executive. Investors are eager for quick gains, but history shows real AI benefits may take years. The rapid AI expansion raises concerns about a potential market correction.

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