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

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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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Don’t forget about the other big players! Jensen Hwang, Lisa Su, Lip-Bu Tan, Satya Nadella, plus the memory cartel (Samsung, SK Hynix, etc.)

This particular war is a class war.

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