sanitation@lemmy.today to Technology@lemmy.worldEnglish · 11 days 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 · 11 days 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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redditStinksSuperBad@lemmy.world
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11 days ago
Let’s not forget that they’re literally stealing from anyone who ever made anything in our entire history.
- ksh@aussie.zone
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  The profits will come from reselling everything again as an add-on or inapp(ropriate) purchases

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