J.P. Morgan calls out AI spend, says $650 billion in annual revenue required to deliver mere 10% return on AI buildout — equivalent to $35 payment from every iPhone user, or $180 from every Netflix subscriber 'in perpetuity'
China has set its sights on achieving global artificial intelligence leadership by 2030. By then, its AI investments could deliver a 52% return on invested capital, according to Morgan Stanley Research.
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