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The trillion-dollar AI hallucination

Summary by Computerworld
Not-yet-profitable AI companies are constructing a vast and expensive global network of server farms to support cloud-based generative AI (genAI) services. Deeply financed by venture capitalists who will one day want to see return on their investments, these centers are consuming enough memory to drive consumer technology prices higher and higher. Yet, for all the investment now going on, it’s inevitable that new on-device genAI models will emer…
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Computerworld broke the news on Monday, June 22, 2026.
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