TechBloomberg Tech1h ago
Big Tech’s $750 Billion AI Bet Collides With Slowing Core Growth
TL;DRTech giants spending $750B on AI while their core businesses slow down.
Why it matters: Massive AI investments may not pay off if the businesses funding them are declining.
The core businesses of America’s technology giants — the advertising, consumer and retail machines propping up a collective $750 billion in AI spending this year — are starting to show signs of slowing. In some cases, they’re being cannibalized by the very technology the firms…
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