Get the latest tech news

Why investors don’t mind that AI is a money pit


AI investment is massive, but AI profits are not. Here’s why investors are still optimistic.

And if you want a sneak peek, be sure to check out Command Line, my weekly newsletter about the tech industry’s inside conversation. That is, of course, artificial intelligence and, specifically, the idea that one day soon big companies across all kinds of industries will be spending hundreds of billions of dollars on AI products. We’ve heard endless hype from CEOs here on Decoder about what this technology is supposed to do and why this investment is justified.

Get the Android app

Or read this on The Verge

Read more on:

Photo of investors

investors

Photo of money pit

money pit

Related news:

News photo

What next for Bitcoin after bursting $100k barrier?

News photo

Tesla chairwoman misled investors about ruling on CEO pay: judge — Robyn Denholm described voting in favour of pay deal as ‘a powerful elixir that could cure fiduciary wrongdoing’

News photo

All Here founder's arrest shows it's easy for startups to scam investors