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.
‘Profits are currently being funded by investors rather than earned from customers’
Which profits?
Ah, now I see the actual quote is: “[…] the AI boom’s profits are currently being funded by investors rather than earned from customers.” he means the profits of the shovel sellers, not AI profits.
Which profits?
Ah, now I see the actual quote is: “[…] the AI boom’s profits are currently being funded by investors rather than earned from customers.” he means the profits of the shovel sellers, not AI profits.