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Technology@lemmy.worldEnglish · 19 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'

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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'

sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 19 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

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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zbyte64@awful.systems
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9 hours ago

We can simply build the tech then throw the billionaires out.

We did that with the fediverse but the billionaires still control the online conversation.

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