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Are you suggesting IBM made up the numbers? Or that CAPEX is a pre-GAI measure and is useless in guiding decision making?

IBM may have a vested interest in calming (or even extinguishing) the AI fire, but they're not the first to point out the numbers look a little wobbly.

And why should I believe OpenAI or Alphabet/Gemini when they say AI will be the royal road to future value? Don't they have a vested interest in making AI investments look attractive?





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