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War for superintelligence: Are the huge investments in AI unprecedented?

Are the enormous numbers being thrown into AI unprecedented?

artificial intelligence, AI,
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As a percentage of investment in the United Kingdom, the world’s economic behemoth in the mid-Victorian period, domestic railways accounted for perhaps half. | Image: Bloomberg

Mihir S Sharma
Last week, Meta founder Mark Zuckerberg said he would rather risk “mis-spending a couple of hundred billion dollars” than be late to the artificial intelligence (AI) race. Read that again: He said a couple of hundred billion. The cavalier manner in which Mr Zuckerberg is willing to admit the possibility that a sum of that size might be wasted in pursuit of superintelligence is a reminder of the scale at which investment in the sector is being made at the moment — as well as why an increasing number of people believe that AI is a bubble.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper