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
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.
  • kent_eh@lemmy.caEnglish
    2·
    10 days ago

    Why fear that?

    People still gotta eat, and unless we can jump directly to a Star Trek post scarcity utopia, people need an income in order to get food.

    UBI has been proven to work, but no government has the guts to implement it lest they anger their corporate owners donors.

      • kent_eh@lemmy.caEnglish
        1·
        10 days ago

        Your government and mine may be different.

        I’d rather have my subsistence at the whims of the government than at the whims of a billionaire business owner.

          • kent_eh@lemmy.caEnglish
            2·
            10 days ago

            I would rather have my subsistence at the whims of the entirety of the country’s economic activity

            Ok, how do we organize that in an equitable manner?

            Isn’t that more-or-less what a government is supposed to be?

              • kent_eh@lemmy.caEnglish
                1·
                9 days ago

                So, step 1 is to restore the government

                I hope you guys can accomplish that before they permanently destroy your country (and mine, as your president has threatened to do multiple times).