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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7 hours ago
Of course it is not sustainable. The level of data centers they build tells the story.

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