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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 months 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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  • cross-posted to:
  • technology@beehaw.org
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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

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 months ago
message-square
15
fedilink
  • cross-posted to:
  • technology@beehaw.org
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.
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  • nehal3m@lemmy.zip
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    3 months ago

    Ponzi called, he wants his scheme back.

    • MIDItheKID@lemmy.world
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      3 months ago

      Well the jerk store called, and they’re running out of you!

      • AdolfSchmitler@lemmy.world
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        3 months ago

        Well I slept with your wife!

        • mEEGal@lemmy.world
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          3 months ago

          username… unrelated to the whole situation ?

  • TheVoiceOfRaison@thelemmy.club
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    3 months ago

    “Top Economist” states the bleeding obvious.

    • Fmstrat@lemmy.world
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      3 months ago

      He forgot the: Because investors are now the only ones with money to spend.

  • tinsukE@lemmy.world
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    3 months ago

    Funny how the “Top Economist” just parroted what Ed Zitron, also quoted on the piece, has been harping on, since… checks notes always.

    Edit: Zitron, the name. Not Zitrone, The German word for lemon.

    • aim4harmony@lemmy.world
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      3 months ago

      Mr. Zitrone 🍋✨☺️😃

      • hakunawazo@lemmy.world
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        3 months ago

        Sounds like the name of an Arcimboldo painting

        • aim4harmony@lemmy.world
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          3 months ago

          Mr. Fruitone looks exquisite today.

  • mHtt@lemmy.ca
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    3 months ago

    The problem with capitalism is that morons can get filthy rich and make poor decisions.

    Example 1: US president.

    • Atomic@sh.itjust.works
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      3 months ago

      There there. Give some credit to the American people. They’re the ones that elected him. Twice.

      • mHtt@lemmy.ca
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        2 months ago

        well i will agree they failed to prevent his presidency, twice.

  • webp@mander.xyz
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    3 months ago

    Soon™

    • aim4harmony@lemmy.world
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      3 months ago

      The bubble gonna poof?

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