Tech giants’ $750 bn AI bet collides with slowing core growth
US tech giants have committed approximately $750 billion toward AI development. However, there are indications that these firms are experiencing a slowdown in their primary business areas, with some being cannibalized by the AI technology they are funding.
Key points
- US tech majors have invested $750 billion in AI
- Core business growth is showing signs of slowing
- AI technology may be cannibalizing existing revenue streams
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