Satya and Zuckerberg are incinerating capital

No one wants to say it proudly but $MSFT and $META are throwing billions of dollars at AI CAPEX with little to show for it. They turned what was originally a CAPEX light business with high software margins and lit it on fire. Copilot and even Meta AI are absolutely inferior to GPT/Claude by every conceivable metric. What are they even doing? AI is becoming a commodity now with so many good models in the market. There is no MOAT. More importantly, AI does not demonstrate ROI for most businesses and is a rath