Alphabet President and Chief Investment Officer Ruth Porat pushed back on a Jefferies strategist's warning that the AI buildout is headed for massive capital destruction, arguing that strong demand and differentiated AI products justify continued heavy spending.
Alphabet CIO Rejects Warning That AI Boom Will Destroy U.S. Capital
Alphabet President and Chief Investment Officer Ruth Porat pushed back on a Jefferies strategist's warning that the AI buildout is headed for massive capital destruction, arguing that strong demand and differentiated AI products justify continued heavy spending.
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