> t just sounds like a giant scheme to burn through tokens and give money to the AI corps, and tech directors are falling for it immediately.
This is exactly what's happening. The top 5 or 6 companies in the s&p 500 are running a very sophisticated marketing/pressure campaign to convince every c-suite down stream that they need to force AI on their entire organization or die. It's working great. CEOs don't get fired for following the herd.
> No of course there isn't enough capital for all of this. Having said that, there is enough capital to do this for a at least a little while longer. -- Gil Luria (Managing Director and Analyst at D.A. Davidson)
Elon Musk is planning to put his AI company into the SpaceX IPO, and accelerate getting it into the major indices, effectively making pension funds, banks and individual investors his bag holders.
Patric Boyle has a video on this in case you care for the details.
I guess it's possible for the top companies to have spent so much already, that now the best move is to convince the next tier to do the same otherwise those competitiors may pull ahead without such a financial handicap.
This is exactly what's happening. The top 5 or 6 companies in the s&p 500 are running a very sophisticated marketing/pressure campaign to convince every c-suite down stream that they need to force AI on their entire organization or die. It's working great. CEOs don't get fired for following the herd.