by Dan Weil
“We're a couple years into this AI thing and there's not a single thing that this is being used for that's cost effective at this point”.
Trillions of dollars are set to be spent on developing AI infrastructure, such as data centers and applications. So what trillion-dollar problem is AI going to solve, he asks.
“Historically, we've always had a very cheap solution replacing a very expensive solution,” Covello said. “Here, you have a very expensive solution that's meant to replace low-cost labor. That doesn't even make any sense from the jump.”
Covello said if the stock drops, it will be due to a growth problem, not because of the valuation.
Source: The Street
https://finance.yahoo.com/news/veteran- ... 00061.html
