The question is, can the large tech companies come up with a clear explanation of where AI is going that will convince shareholders that there is long-term value? So far, I don’t think they have, and I say that as someone who generally likes some of the AI tools out there. I think they are reasonably helpful around the edges of my work. They cut time out of my research efforts and helped me with writing. They haven’t changed the world, and it’s not clear that they can do that in their present form. Without that, what are the billions in investment and all the electricity usage for? 

Big tech will need a better answer to that question than it has, or investors will walk away even more than they did last week.