It’s not yet autumn, but the technology industry has just felt the first icy blast of an AI winter.
These winters have haunted the field for decades – the periods of wild exuberance such as we see today are quite short. Now, following ominous warnings from Sequoia Capital and Barclays, Goldman Sachs has published a report titled: “Gen AI: too much spend, too little benefit?”
If some of their more pessimistic observations come true, we’re all in for a bumpy ride.The tech giants are predicted to throw $1 trillion at new data centres in the expectation of fulfilling demand for AI […]
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