There are two questions I ask people making a product bet:
1) How will you know if you were wrong?
2) What can you do if you're wrong?
The answers for a bad bet are "we won't" and "nothing."
And that's exactly what big tech is doing: rushing forward with eyes closed and fingers in their ears.
@justinhendrix.bsky.social"The hundreds of billions of dollars companies are investing in AI now account for an astonishing 40 per cent share of US GDP growth this year... In a way, then, America has become one big bet on AI."
ft.com
America is now one big bet on AI
It’s seen as the magic fix for every threat to the US economy