Big Tech's huge AI spend creates 'a little bit of a prisoner's dilemma' that hits everyone, says a hedge fund exec

Source: Business Insider

Tony Yoseloff, Executive Managing Member and Chief Investment Officer of Davidson Kempner Capital ManagementPatrick T. Fallon/AFP/Getty ImagesBig Tech's AI race has become a "prisoner's dilemma" that few can escape, a top hedge-fund executive said. History shows real breakthroughs take years to pay off, but Wall Street's in a hurry for AI gains.

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Big Tech's huge AI spend creates 'a little bit of a prisoner's dilemma' that hits everyone, says a hedge fund exec

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