Wall Street Appears to Be Having Serious Doubts About AI
The amount of cash backing artificial intelligence right now is so high that it's almost meaningless to the average person. There are now almost 500 AI unicorns — companies valued at over $1 billion — worth a total of roughly $2.7 trillion, enough to do some serious damage to the economy if things don't go well. But for investors, that cash represents a dream: that AI will someday do more than generate video essays explaining that Nubian giants built the pyramids, and become a major financial