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.
The stupid thing is there are already profitable VR games that basically do exactly what Zuckerberg was trying to do. So despite the fact that he could just copied somebody else’s homework he managed to screw it up.
The problem with capitalism is that morons can get filthy rich and make poor decisions.
Example 1: US president.
Yeah, look at Zuckerberg, who recently burned billions on his crappy virtual reality project, and is now doing the same with AI.
The stupid thing is there are already profitable VR games that basically do exactly what Zuckerberg was trying to do. So despite the fact that he could just copied somebody else’s homework he managed to screw it up.