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Chris Remington ( remington@beehaw.org ) MA to Technology · 2 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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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 ( remington@beehaw.org ) MA to Technology · 2 months ago
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  • cross-posted to:
  • technology@lemmy.zip
Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' | Fortune
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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.
  • t3rmit3 ( t3rmit3@beehaw.org ) 
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    2 months ago

    I thought it was a Weird Al reference…

    • eurodyne ( eurodyne@piefed.world ) 
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      2 months ago

      Lol, sorry Al, I got there first!

      Edit: but I love that dude so much, he can fucking have it

      Edit 2 [Nov 5, 2056]: As the legal representative of [NAME REDACTED / username: eurodyne] our previous comments are hereby rescinded.

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