Sheer insanity. Amazon, Google, Microsoft, and Meta collectively are spending more money than the Manhattan Project *every single month*. Mo…

Sheer insanity. Amazon, Google, Microsoft, and Meta collectively are spending more money than the Manhattan Project every single month. More than 12x the Manhattan Project every year. And what they have got to show for it? None are making major profits on AI; none has a technical moat; a massive price war is inevitable. And few of their customers are seeing major returns on investment. Greatest capital misallocation in history.

Source: Gary Marcus (X) | 2026-04-29