Big Tech Bets Big on AI to Boost Ads and Revenue, Starting to Disrupt Industries
• AI is transforming businesses, starting with digital advertising and recommendations to increase ad revenue • Big Tech companies like Google, Meta, and Microsoft are investing heavily in AI with custom chips and talent • Cutting-edge AI tech is often driven by ad-based business models and personalization • AI may start disrupting specific industries before expanding more broadly • Investors tend to overestimate near-term AI disruption while underestimating long-term impacts