Why Analysts are Freaking Out About the AI Investment Numbers I have been building AI systems and using them daily for years, so I understand the genuine technological potential of this breakthrough technology. AI tech is very real and very capable, but what I am seeing in the financial markets is not rooted in higher intelligence at all. Rather, it resembles a speculative mania fueled by cheap debt and fairy-tale projections. Consider OpenAI: the company is hemorrhaging cash, projecting $44 billion in losses over five years with no profits expected until 2030 at the earliest. HSBC analysis reveals that OpenAI…
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