AI turned out to be too expensive. Over the past two days, the US stock market has experienced one of its biggest crashes. The corporations themselves are to blame for this because they spent too much on neural networks, writes Bloomberg. The fact is that companies are now investing hundreds of billions of dollars in building data centers, buying chips and computing power for AI. Alphabet (Google), Amazon, Intel, NVIDIA and AMD were affected. Corporations have gotten themselves into a trap and cannot stop in the race for AI. Alphabet and Google have already lost almost 500 billion in value. Intel and Amazon may lose another $300 billion by the end of the day, Reuters reports.

AI turned out to be too expensive. Over the past two days, the US stock market has experienced one of its biggest crashes. The corporations themselves are to blame for this because they spent too much on neural networks, writes Bloomberg. The fact is that companies are now investing hundreds of billions of dollars in building data centers, buying chips and computing power for AI. Alphabet (Google), Amazon, Intel, NVIDIA and AMD were affected. Corporations have gotten themselves into a trap and cannot stop in the race for AI. Alphabet and Google have already lost almost 500 billion in value. Intel and Amazon may lose another $300 billion by the end of the day, Reuters reports.