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.
But, at least for now, ai doesn’t really do anything, either, at least not anything particularly meaningful. It’s a McGuffin for billionaires to slush money around and profit from others investing in bunk stock. They’re making trillions in a gigantic pump and dump scheme, and right before the bubble bursts, they’re gonna cash out and fuck off leaving everyone else to get screwed
I know. It was a joke.
But, at least for now, ai doesn’t really do anything, either, at least not anything particularly meaningful. It’s a McGuffin for billionaires to slush money around and profit from others investing in bunk stock. They’re making trillions in a gigantic pump and dump scheme, and right before the bubble bursts, they’re gonna cash out and fuck off leaving everyone else to get screwed