Barclays Warns Trillions May Be Burned on AI Spending
Barclays, a major British bank, expects a long and draining contest in artificial intelligence, with companies spending trillions. The bank also sees debts rising sharply as the race goes on, a warning for investors and borrowers alike.
Quick glossaryBarclays, War of attrition
- Barclays
- A major British bank based in London, best known for banking, lending and credit card services.
- War of attrition
- A long contest where both sides keep spending and losing until one gives up because it has run out of resources.
Burning Potato score: 69%