Skeptics of the artificial intelligence revolution have recently had the upper hand. In July, the semiconductor sector of the U.S. stock market began to underperform; chip stocks fell precipitously, down 20% and more. Investors started to demand clear evidence that spending on AI hardware would generate sufficient financial returns to justify investing trillions of dollars. […]
Skeptics of the artificial intelligence revolution have recently had the upper hand. In July, the semiconductor sector of the U.S. stock market began to underperform; chip stocks fell precipitously, down 20% and more. Investors started to demand clear evidence that spending on AI hardware would generate sufficient financial returns to justify investing trillions of dollars. […]
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