Zitron: "Everyone Has Been Sold a Lie" on AI

Ed Zitron, CEO of EZ Primary Research, stated that major artificial intelligence companies are unprofitable and unsustainable, following earnings announcements this week from Microsoft and Amazon that included reports of significant AI spending plans. In an interview, Zitron said investors believe the capital expenditure is funding diverse AI applications when it is instead supporting infrastructure for two specific companies he did not name. Bloomberg reported his comments.

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