David Einsnene, founder of “Greenlate Capital”, said the cumulative spending, which is worth a trillion dollars by companies such as “Apple”, “Mita” and “Oben AI” is so huge spending that the expected returns from it are not guaranteed.

While he expressed his belief that artificial intelligence will eventually outperform the current expectations, he asked about the feasibility of spending huge sums that could reach a trillion dollars annually without ensuring that rewarding returns are achieved for investors.

“The numbers that are traded are so extreme that it is really difficult to understand,” said Einsnene. Stressing: “I am sure that it is not zero, but there is a reasonable possibility that a huge amount of capital will be destroyed during this session.” “The destruction of capital” means that a large part of this funds may be wasted without achieving the expected returns, which leads to heavy losses to investors during the current investment cycle.

It is noteworthy that Sam Altman, CEO of “Oben AI”, previously stated that he wanted to spend “trillions” on the infrastructure during the “non -distant future”. Meanwhile, Meta, Meta, also talked about the spending of hundreds of billions of dollars on databases. Last February, Apple said it plans to spend $ 500 billion locally over the next four years.

Einhurn painted a sharp separation line between the long -term importance of artificial intelligence and the immediate economic feasibility of its financing. He said that many projects will be built, but investors may not fulfill the returns they expect.

At a symposium hosted by Simplify Asset Management on the New York Stock Exchange on Thursday evening, Einhurne expanded his criticism to include beyond spending on artificial intelligence, and pointed to poor job growth and productivity stagnation as signs that economic stagnation may be imminent.

He said: “I am more inclined to the opinion that we are heading towards a recession or we were already in stagnation. The jobs do not grow and the work week is shrinking and productivity is not that quality.”

Source: Bloomberg