How Companies Are Actually Spending Money on AI Now
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Jill Weisenthal.
And I'm Tracy Alloway.
Tracy, we're recording this January 8th. We ran a good piece the newsletter this week from Skanda about AI spend is, like, a sort of, like, meaningful macro driver or getting close to where it, like, starts to move the dial.
Yeah. That was a really good piece, and I have to say some of it is slightly worrying. But I think one of the big things that's happening now is, okay, AI has become such a big pillar of the market. Yes. Right? Like, the entire S and P 500, basically an
AI play.
Is, yeah, is an AI play. And so at some point, the hype has to be matched by reality, I e, all that investment has to be matched by some sort of revenue. Right? You have to get money out of making this investment.
I think there's 3 ways things could go. I've been thinking about this. There's 3 ways this could play out. One is companies don't get a lot of productivity gains from these tools. They cut back spending. There's a bunch of other projects get delayed. Market goes down. Another possibility is there's this great productivity breakthrough. Companies are more efficient than ever. Incredible boom. That's great. And then the other possibility is that none of this matters and they build God at one of these labs, and then everything we know about economics doesn't even make any sense. So to even talk a
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