Bloomberg: Big Tech's $750 billion AI bet meets slowing core growth

The advertising, consumer and retail businesses of America's tech giants, which fund $750 billion in AI spending this year, are showing signs of slowing, Bloomberg reports. In some cases the AI technology itself is cannibalizing those core businesses.

• Big Tech is spending $750 billion on AI this year
• Core ad and retail businesses are starting to slow
• AI products are cannibalizing some of the companies' own revenue