Microsoft, Amazon, Meta, Google Are 'Collectively Overinvesting' In AI: 'That's Betting, Not Investing,'
Aswath Damodaran, known as the "Dean of Valuation," argues that major tech companies like Microsoft, Amazon, Meta, and Google are "collectively overinvesting" in AI. He characterizes their significant capital expenditures, projected to reach $745 billion this year, as "betting" rather than "investing" due to …