Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

Ponzi called, he wants his scheme back.

I’m willing to bet most of the funders are people using AI to replace workers and manipulate the masses. So really; they’re paying customers.

I didn’t go to business school, so take this with a grain of salt: doesn’t business solvency require you to charge more for your product than it cost you to produce it and bring it to market?

At least in the tech industry that doesn’t apply if the investors believe that the technology or application is promising enough. Look at Uber’s example. They lost very large amounts of money for many years before turning a profit. They were able to do this because the investors kept sustaining them through their unprofitable years.

The same thing has been happening for years with the AI companies. I heard a while back that OpenAI wouldn’t turn a profit on their services even if they charged end users $100/month.

Chatbots are nothing like Uber.