Can the massive sums spent on AI ever pay off?

Tech companies are investing heavily in artificial intelligence (AI), but there are concerns about whether this massive investment will pay off. Sequoia, a venture capital company, questions the benefits of AI and whether it could be a waste of capital. The cost of running AI infrastructure, such as GPUs, is significant, with energy costs alone matching the cost of the hardware. Companies like Nvidia, Intel, and AMD are producing AI chips, and major players like Alphabet, Microsoft, and Meta are spending billions on data centers to support AI processing. However, despite the recognition of AI products like ChatGPT, their daily use remains relatively low. The key questions for AI are how this infrastructure will be utilized and how it will impact people's lives. [Extracted from the article]