Generative AI may be technologically impressive, but its economics remain deeply challenged: providers spend billions on chips, data centres and energy while many services are still sold below their true cost. The article argues that AI vendors have yet to prove sustainable profitability or consistent customer ROI, despite enormous investment and hype. It also questions […]
Andreas Cleve, CEO of Corti, expresses concerns that the EU’s new AI Act could impose hefty compliance costs, acting as a “tax” on small enterprises. While he acknowledges the need for regulation, he fears it might stifle innovation in Europe’s emerging AI industry. The AI Act requires significant financial and time investments for compliance, with […]