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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'

fortune.com

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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'

fortune.com

Chris Remington@beehaw.orgM to Technology@beehaw.org · 1 day ago
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  • 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
fortune.com
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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.
  • PRIMEcavitationfetishist@quokk.au
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    1 day ago

    When we only have white cishet billionaires, we can abolish money.

    • TehPers@beehaw.org
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      14 hours ago

      Don’t forget about the other big players! Jensen Hwang, Lisa Su, Lip-Bu Tan, Satya Nadella, plus the memory cartel (Samsung, SK Hynix, etc.)

      This particular war is a class war.

    • NigelFrobisher@aussie.zone
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      22 hours ago

      Without the carrot there’s only the stick…

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