Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.
Artificial intelligence companies may need to make good on promises to develop artificial general intelligence (AGI) in the near term in order to make up for the disparity between investments and profits in the industry.
Unfortunately, there’s still no scientific evidence that AGI — machines capable of human-level or greater reasoning — is even possible.
According to analysts, the current AI market is largely anticipatory. OpenAI is one of the few highly profitable generative AI enterprises, and the difference between its revenue (about $3.4 billion, according to The Information) and the next closest competitors is massive.
