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Lemmynated@lemmy.zip to Technology@lemmy.zipEnglish · 20 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'

fortune.com

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  • cross-posted to:
  • technology@lemmy.world
  • technology@beehaw.org
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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'

fortune.com

Lemmynated@lemmy.zip to Technology@lemmy.zipEnglish · 20 hours ago
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6
link
fedilink
  • cross-posted to:
  • technology@lemmy.world
  • technology@beehaw.org
Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' | Fortune
fortune.com
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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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  • gravitas_deficiency@sh.itjust.works
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    4 hours ago

    Yeah - we’ve been saying that for fucking YEARS. 😐

  • TacoButtPlug@sh.itjust.works
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    9 hours ago

    sooo nothing’s changed with tech then

  • LurkingLuddite@piefed.social
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    17 hours ago

    Took 'em long enough…

  • oyzmo@piefed.social
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    9 hours ago

    Yes it does! It has been said that the goal is to -give- everyone access to super intelligence. Don’t think any of the AI biggies have said that they do this to get rich

    • athatet@lemmy.zip
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      9 hours ago

      Ai is nothin near a super intelligence so actually they have just been lying this whole time and the actual reason was to get rich.

    • IchNichtenLichten
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      8 hours ago

      Where is this super intelligence? All I see are a bunch of tech bros gaslighting investors, managers, and the occasional Lemmy poster.

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