Motley Fool Money AI’s ROI
Jun 22, 2024
Asit Sharma, a Fool analyst specializing in AI and technology investments, shares intriguing insights on the AI boom. He discusses the staggering $50 billion spent on Nvidia chips and questions the $3 billion revenue return associated with it. The conversation explores how non-Mag 7 companies are harnessing AI effectively, the rising influence of small language models, and strategic moves from Oracle that position it for growth. Asit also delves into the societal implications of AI companionship and its impact on human relationships.
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Asit's AI Uses
- Asit Sharma uses AI to catch up on fast-changing business stories and identify potential investments.
- He also uses it for language learning, demonstrating AI's diverse applications.
Reasons for AI Spending
- Companies are investing heavily in AI due to potential ROI and fear of being left behind (FOMO).
- They see AI as a long-term investment similar to large-scale real estate development.
Cost of AI Applications
- AI applications are more expensive than traditional search engines due to complex processes.
- LLMs use inferential reasoning, natural language processing, and continuous training.
