Top economist warns that the AI math doesn’t make sense: ‘Profits are currently being funded by investors rather than earned from customers’
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The very naive napkin math on why the "AI promise" is idiotic to begin with: 1) increase efficency by 50% 2) produce 50% more stuff 3) realize just because more is available, doesn't mean more is actually bought 4) decrease manpower so with AI production again is on the level of the previous 100% 5) tons of people are out of work, which weakens…
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Saw a good line somewhere, can't remember where: AI has great potential to be a multi-billion dollar industry. Unfortunately, people are investing in it like it will be a multi-trillion dollar industry.
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I don't understand using AI. Even if it was the smartesr thing alive i will never 100% trust something other than a human
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Yeah, just check NVIDIA’s revenue since they sell compute, 4 quarters ago it was $46.7B, this last quarter it was $81.6B