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Why almost 90% of the companies that have jumped into AI ship may get killed in the next one year |

Sam Altman’s aspiration to amass approximately $7 trillion for the production of AI chips unveils a narrative that extends beyond his seemingly audacious goals. A report in Bloomberg says that almost 90% of the companies that have jumped into the AI ship may get killed in the next one year. The infrastructure required for AI development has become prohibitively costly and a significant portion of this value is still predominantly controlled by a few major tech companies, intensifying the oligopoly.

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