GEN AI TOO MUCH SPEND, TOO LITTLE BENEFIT

ISSUE 129 | June 25, 2024 | 5:10 PM EDT "$P$ $$$$ $ $$ $ Global Macro Research TOP MIND of GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT? Tech giants and beyond are set to spend over $1tn on AI capex in coming years, with so far little to show for it. So, will this large spend ever pay off? MIT's Daron Acemoglu and GS' Jim Covello are skeptical, with Acemoglu seeing only limited US economic upside from AI over the next decade and Covello arguing that the technology isn't designed to solve the complex p ...