> ... a key question is this: How much are businesses willing to pay for AI? Until recently, AI enthusiasts were touting the rapid growth in revenue. It seems a big factor in that growth was companies spending money on AI, even if they didn’t have a productive use for it, because they thought it meant their companies were at the cutting edge in technology.
> That sounds crazy, but even large companies can often do things that are pretty crazy, as noted above.
https://cepr.net/publications/ai-bubble-monitor/#june222026
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