Adrian Weckler: 71pc of VC cash this year has gone into AI – so does Ireland Inc really intend sitting this one out?

US Big Tech are the only ones allowed create AI services – which the EU then ends up using anyway

Last week, Nvidia hit an all-time market high of $3.8tn. Illustration: Getty

The economics of AI are like nothing the world has ever seen before.

Forget tulip mania, the South Sea bubble, Icelandic banks, the Celtic Tiger – even the dot.com bubble. This supersedes them all.

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