Winners, Losers, and Long‑Run Payoffs

After years of soaring optimism and colossal investment, Wall Street has begun to seriously question whether the frenzy for A.I. is justified.

Cade Metz, who covers technology for The New York Times, explains why Silicon Valley companies believe so fervently in A.I. and why they’re willing to take enormous risks to deliver on its promise.

Guest: Cade Metz, a technology reporter for The New York Times.

Background reading: 

• Why debt funding is ratcheting up the risks of the A.I. boom.
• Amazon, Google, Meta, Microsoft and OpenAI plan to spend at least $325 billion by the end of the year in pursuit of A.I.

Photo: Scott Ball for The New York Times

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

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