Financial market overview
Shifting AI Narrative May Catalyze Reevaluation of Tech Spending Strategies
2024.09.23 03:51
As I have noted here for the past few months, the narrative surrounding generative AI has shifted dramatically.
This is starting to lead to a shift in estimates of the major players’ potential profits.
It’s also playing a catalyst for a shift in investor risk appetites.
Eventually, it may play a catalyst for a reappraisal of the best way to play the massive boom in tech spending.
Because, while the hype around the potential for Big Tech to profit from AI remains just that, the increased demand its buildout puts on many commodities is all too real.
