Chris Remington@beehaw.orgM to

Technology@beehaw.org · 1 day ago

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

cross-posted to:
technology@lemmy.world

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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'

Chris Remington@beehaw.orgM to

Technology@beehaw.org · 1 day ago

cross-posted to:
technology@lemmy.world

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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Every gold rush only makes the people rich who are selling the shovels, never the investors, never the workers.

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