AI delivers 'zero financial payoff' to most companies, Apollo economist says
An Apollo economist argues that, despite huge investment and hype, AI has so far produced no financial return for US companies outside the tech sector.
An Apollo economist argues that, despite huge investment and hype, AI has so far produced no financial return for US companies outside the tech sector.
AI is reshaping the US tech map, and Silicon Valley no longer holds a monopoly. According to Presse-citron, New York now offers the most attractive tech job opportunities.
The final instalment of Le Monde's Route 66 series looks at Hollywood, weakened by the decline of costly studio productions, the rise of streaming and now the arrival of AI, which the industry uses widely but discusses reluctantly.
Big tech companies are taking on ever more debt to fund vast AI infrastructure. The gap between the billions spent and the revenue expected is testing investor confidence.
Driven by artificial intelligence, the data center market is booming, and worldwide spending is expected to exceed $2 trillion in 2028.
Western Australia's government says it is very disappointed and wants a fast refund from Deloitte, which it paid $166,000 for a study on merging three universities. The report contained references hallucinated by AI and cost discrepancies of hundreds of millions of dollars.