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Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more (www.theguardian.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 41 points 1 year ago (2 children)

Chatgpt, what is sunken cost fallacy and why are rich people so profoundly stupid?

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  • [–] 23 points 1 year ago (1 child)

    This is not that. They're all hoping to be the next Google or FaceBook. They know damned well most are going to lose. The gamble is that they won't be the one holding the bag when the bubble pops.

    This is as high stakes as tech gets today.

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