Baker says tech CEOs aren't thinking about ROI because they believe they're racing to create a digital god.
“Mark Zuckerberg, Satya, and Sundar just told you in different ways, we are not even thinking about ROI.”
Baker argues return on invested capital has risen for AI spenders, dismissing ROI skepticism.
“These companies are all public, and there is something called return on invested capital. And ROIC has gone up for all of these companies since they ramped CapEx.”
Baker predicts upcoming acceleration will answer questions about return on investment.
“You're going to see a lot of acceleration that's going to answer these ROI questions,”