AI excitement turns to pain for Big Tech as profits hard to come by; check out the numbers
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Ever since the advent of generative artificial intelligence (AI), many experts have highlighted the potential problems with this technology, ranging from misinformation to the destruction of humans through superintelligence AI. However, many failed to see the most critical problem with AI, one that is proving to be destructive to its own growth – the economics of scale. As per reports, major tech firms are struggling to turn their AI businesses into profit despite the massive excitement from consumers as it is very costly to keep AI products operational.According to a report by The Wall Street Journal, AI tools which are unproven in terms of market durability, can be quite expensive to run as they require robust servers with expensive chips that consume lots of power. In particul...