The Fading Allure of the AI Boom The world's tech giants are burning through cash at an alarming rate, a trend that defies simplistic notions of "investing in the future.
" As the artificial intelligence (AI) boom enters its fourth year, financial metrics tell a story of ballooning price tags and dwindling cash reserves.
Goldman Sachs forecasts AI spending among megacaps to reach $765 billion this year and nearly $1. 2 trillion by 2027.