Chris Remington@beehaw.orgM to

Technology@beehaw.org · 18 hours ago

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

cross-posted to:
technology@lemmy.world

136

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

Chris Remington@beehaw.orgM to

Technology@beehaw.org · 18 hours ago

cross-posted to:
technology@lemmy.world

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' | Fortune

The AI boom has turned the standard profit margin model on its head, according to Apollo Chief Economist Torsten Slok—and it’s making the industry’s growth unsustainable.

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ℍ𝕂-𝟞𝟝@sopuli.xyz
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14 hours ago
They buy products from each other, and shut out more and more people if society.

You see the homeless drug addict on the street? They want more of that.
- qyron@sopuli.xyz
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  8 hours ago
  They buy products from each other and shut themselves from society.
  
  Which is not a bad outcome.

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