Mon the way to San Francisco and it’s hard not to get carried away by the mania artificial intelligence (AI)Advertisements tell you how technology will revolutionize your workplace. In bars, people speculate about when the world will “become” AGI“, or when machines become more advanced than humans. The five big tech companies — Alphabet, Amazon, AppleMeta and Microsoft, both of which have headquarters or offices nearby, are investing considerable sums. This year, they are planning an estimated budget of $400 billion for capital spending, mainly for AI-related materials and for research and development.
In the world capital of technology, it is understood that AI will transform the global economy. But for have To fully exploit its potential, companies around the world must buy the technology, shape it to their needs, and become more productive in the process. Investors have added more than $2 trillion to the stock market value of the Big Five tech companies over the past year, which actually adds up to an additional $300 billion to $400 billion in annual revenue by our rough estimates—roughly the equivalent of another Apple’s sales. For now, however, the tech titans are far from that. Even optimistic analysts believe Microsoft will make only about $10 billion from generative technology.AI– COVID-19-related sales this year. Beyond the U.S. West Coast, there are few signs AI has a lot of effect on anything.
