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Edward Dowd, founding partner at OceanSquare Asset Mgmt and ex-BlackRock executive, questions financial gains from artificial intelligence.
Dowd points out that leading AI research labs are currently operating with negative cash flow.
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Dowd has previously commented on leadership changes in finance, highlighting when three private credit CEOs exited Goldman Sachs PC Fund over eight weeks. He has also discussed regulatory pressures, noting the federal investigation facing Guggenheim CEO Mark Walter. These observations add further context to his recent skepticism on AI sector profitability.