The question we should all be asking about AI

Major tech stocks including Google, Intel, Amazon, and Meta have declined sharply as investors question whether massive AI infrastructure spending—now at $1.6 trillion since 2023 with expectations of $1 trillion annually for the next decade—will ever justify the enormous costs. The real critical question isn't whether AI will become profitable, but rather how long bond markets will continue financing Big Tech's spending spree, since profits from AI investments may take 3 months to 2 years to materialize.