Get Mike Santoli's Market Memo in your inbox first. SUBSCRIBE HERE "We'll never laugh again," said a young admirer of John F. Kennedy in 1963 as she mourned his sudden death. "We'll laugh again," answered the JFK aide Daniel Patrick Moynihan. "It's just that we'll never be young again." At the risk of seeming to conflate a president's assassination with an investment motif, this is where the AI theme sits right now. There will be cheer and thrills and profits generated by the burgeoning technology in the years to come. But the youthful phase of AI - when promise was unlimited and winners were easy to spot and vastly outnumbered losers - is over.
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