{"slug": "aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off", "title": "Aswath Damodaran: Big Tech Has No Idea How AI Pays Off", "summary": "Aswath Damodaran, a professor at NYU Stern, said Big Tech has no idea how AI pays off, citing concerns about the Magnificent Seven's AI spending. He discussed the AI race, market pricing of AI risk, and SpaceX's valuation on the Prof G podcast with Ed Elson and Scott Galloway.", "body_md": "Ed Elson and Scott Galloway are joined by Aswath Damodaran to break down the biggest takeaways from Big Tech earnings. He explains what the latest results reveal about the AI race, why he's becoming increasingly concerned about the Magnificent Seven's AI spending, and how he values the hyperscalers. They also discuss how much AI risk is already priced into the market and whether SpaceX's current valuation is justified.\n\n*Looking for the full version? Become a Prof G+ subscriber for unlimited, ad-free access to all our videos, including exclusive content only available on Substack.*", "url": "https://wpnews.pro/news/aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off", "canonical_source": "https://www.profgmedia.com/p/aswath-damodaran-big-tech-has-no", "published_at": "2026-08-07 10:00:00+00:00", "updated_at": "2026-08-09 13:16:36.725329+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy", "ai-ethics"], "entities": ["Aswath Damodaran", "Ed Elson", "Scott Galloway", "Magnificent Seven", "SpaceX", "NYU Stern", "Prof G"], "alternates": {"html": "https://wpnews.pro/news/aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off", "markdown": "https://wpnews.pro/news/aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off.md", "text": "https://wpnews.pro/news/aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off.txt", "jsonld": "https://wpnews.pro/news/aswath-damodaran-big-tech-has-no-idea-how-ai-pays-off.jsonld"}}