AI profitability
Federal Reserve Chairman Jerome Powell stated that artificial intelligence is fundamentally different from the internet bubble of the 1990s. He emphasized that many companies leveraging AI are already turning a profit. Powell’s remarks come amid discussions about the potential economic impact of AI technology. He noted that while the 1990s bubble was characterized by speculative investments in companies without a clear path to profitability, the current landscape is different. Companies utilizing AI are demonstrating strong revenue generation, indicating a more established market. This distinction highlights the evolving nature of technology investments and their implications for the economy.
