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Tech Industry's AI Investment Hype: Reality and Ambitions

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Technology News

Tech Industry,Artificial Intelligence,Investment

Alex Heath, deputy editor at The Verge, discusses the ambitious and costly gamble the tech industry is making with artificial intelligence. Despite the billions poured into AI companies through investments, the widespread adoption and spending by big companies across various industries on AI products is not yet taking place.

Welcome to a special edition of Decoder. This is Alex Heath, deputy editor at The Verge. I’m guest hosting for a couple episodes this month as we head into the holidays, and I’m very excited for what we have coming. I’ll be back later this month with an exclusive interview with the CEO of chipmaker Arm, so stay tuned for that. And if you want a sneak peek, be sure to check out Command Line, my weekly newsletter about the tech industry’s inside conversation.

8 billion in 2024 — barely covering the year’s two largest AI fundraising rounds from OpenAI and xAI.

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