State of the AI: Big Tech Says AI Is Booming. But Some Investors See a Bubble.
Above: Will Big Tech’s AI wave crash?
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In July, Google’s parent company Alphabet reported a 29-percent rise in profits, driven by its search engine and cloud unit. The company also said its investments in artificial intelligence were “driving new growth,” noted The New York Times.
“Year-to-date, our A.I. …