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Can transformative businesses such as AI reward most investors over time?

Previous instances show it is extremely hard to pick the long-term winners

    • Alphabet, Amazon, Meta, and Microsoft have together spent about US$600 billion on AI since 2020. So far, none of these companies has made money on AI yet.
    • Alphabet, Amazon, Meta, and Microsoft have together spent about US$600 billion on AI since 2020. So far, none of these companies has made money on AI yet. PHOTO: AFP

    Ching Poy Seng

    Published Sat, Nov 9, 2024 · 05:00 AM

    MANY people believe that artificial intelligence (AI) will be the most transformative technology in the world today. It is said that AI will transform various industries from finance to healthcare.

    Hence, investors are rushing to buy AI-related stocks for capital appreciation over time as the demand for AI technology is believed to be at the beginning of a long-term uptrend.

    Can transformative businesses such as AI reward their investors over time?

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