||| FROM THE WASHINGTON POST |||
Five leading public AI companies are collectively on track to spend about $700 billion this year on big-ticket projects, as they splurge on building and outfitting data centers stuffed with powerful computer chips to turbocharge AI calculations.
But critics worry that the up-front costs to develop AI have become so mammoth that the investment can possibly pay off only if AI reshapes life, work and the economy in a way that uncorks massive new profits for these technology firms.
It won’t be clear for some time whether AI will continue improving as quickly as it has in the past few years.
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