Is Google right to keep boosting its AI spending even after the costs rattled investors?
Alphabet's stock dropped after it reported capital spending of up to $205 billion this year on AI and negative free cash flow, even as cloud revenue surged; rival Microsoft's shares rose on stronger results.
Hopefully, this pit will drag all its malignant investors in and Silicon Valley will have an opportunity to rediscover what it used to be.
Spend or get left behind. High risk, but with significant downside/upside.