Tech Titans: Growth and Challenges Ahead

This chapter examines the rapid growth of major U.S. tech companies over the past decade, comparing it to a unique historical event unlikely to recur. It emphasizes the financial risks associated with their increasing investments in AI and the potential unsustainability of their growth, questioning market optimism about future returns. The discussion highlights the competitive landscape of AI and the implications of capital-intensive operations, raising concerns about long-term profitability amidst evolving technologies.