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What if Big Tech’s Massive Bet on AI Is a False Start?

Big tech is spending hundreds of billions on AI. Is it money well spent? Merryn Somerset Webb explains why it could be a colossal false start. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:   Get the…

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Big tech is spending hundreds of billions on AI. Is it money well spent?

Merryn Somerset Webb explains why it could be a colossal false start.
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3 Comments

3 Comments

  1. @truevegas

    May 21, 2026 at 4:00 pm

    Yes 😂 LLMs can learn on the job though. At least Claude can. You just need to save relevant information in its Artifacts and Projects

    • @orvn

      May 21, 2026 at 4:47 pm

      Not training on the job, just adding to context, or in best case, accessing a vector storage db in a serial process. The model doesn’t inherently change until training or fine-tuning. There are no inference-training hybrid models at this time. Just elaborate loops.

  2. @orvn

    May 21, 2026 at 4:50 pm

    I go with Yan Lecun’s thinking here: language is too limited of a training set source. We need to simulate human sensory input (in a non-synthetic way)

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Bloomberg Technology

Gopuff Chose xAI For Cost and Quality, Says Co-CEO

As SpaceXAI heads toward its IPO, investors are betting on more than rockets and chatbots: the company says enterprise AI represents a $26 trillion opportunity. But can Grok actually win corporate customers? One of the few companies putting it to work is Gopuff, which built its new AI shopping assistant on xAI’s models. Gopuff co-CEO…

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As SpaceXAI heads toward its IPO, investors are betting on more than rockets and chatbots: the company says enterprise AI represents a $26 trillion opportunity. But can Grok actually win corporate customers? One of the few companies putting it to work is Gopuff, which built its new AI shopping assistant on xAI’s models. Gopuff co-CEO Rafael Ilishayev joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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SpaceX Investors Bet It Can Turn Sci-Fi Into Reality

Much of SpaceX’s growth forecast hinges on ideas that seem straight out of science fiction, but backers of Elon Musk say he’s pulled off the unbelievable before. Brett Winton, chief futurist at ARK Invest, one of the most prominent institutional supporters of Musk’s firms, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like…

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Much of SpaceX’s growth forecast hinges on ideas that seem straight out of science fiction, but backers of Elon Musk say he’s pulled off the unbelievable before. Brett Winton, chief futurist at ARK Invest, one of the most prominent institutional supporters of Musk’s firms, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

SpaceX IPO Draws More Than $70B in Retail Orders | Bloomberg Tech 6/11/2026

Bloomberg’s Caroline Hyde and Ed Ludlow discuss SpaceX gearing up to finalize its IPO pricing today. This as its offering attracts more than $70 billion in orders from retail investors. Plus, Oracle is under pressure after the company reported higher quarterly capital expenses than expected, raising investor concerns about the profitability of the AI infrastructure…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss SpaceX gearing up to finalize its IPO pricing today. This as its offering attracts more than $70 billion in orders from retail investors. Plus, Oracle is under pressure after the company reported higher quarterly capital expenses than expected, raising investor concerns about the profitability of the AI infrastructure business. And, a conversation with 776 Founder and Reddit co-founder Alexis Ohanian from SuperReturn in Berlin.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:51 – Loren Grush & Bailey Lipschultz, Bloomberg News
00:07:19 – Brett Winton, ARK Invest
00:15:54 – Brody Ford, Bloomberg News
00:17:39 – Alexis Ohanian, Reddit Co-Founder
00:28:29 – Enda Curran, Bloomberg News
00:31:30 – Kristina Hooper, Man Group
00:37:03 – Rafael Ilishayev, GoPuff Co-CEO
00:44:21 – Brian White, Piper Sandler
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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