Part 6/11:
While AI companies are investing heavily—some estimating as much as $1 trillion globally in data centers—their revenues are still modest relative to that investment. But Rasgon points out that many of these firms are in the ramp-up phase, and profitability is not yet the main concern. Larger, well-funded companies are driving the ecosystem, and their ability to see beyond current losses suggests confidence in future profitability.