“The fact that we crossed over to negative cash flow was kind of a negative milestone, and people are reacting to that,” Gil Luria, head of technology research at D.A. Davidson, told Fortune. “Maybe there was a sense that we’d never get to that point, and we just did.”
Big tech historically makes huge gains, AI is the first thing big texh has done that’s not giving huge returns
And even so, Wall Street keeps throwing money into the furnace.
By “years” I mean since, like 2023. AI has never made money that entire time and it doesn’t look like it will. Yet still…