posted in Technology

sanitation@sanitation@lemmy.today

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/2026/08/10/torsten-slok-ai-profit-margins-capex-oracle/
Larry EllisonFortuneTop economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' | FortuneThe 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.
Miller@Miller@lemmy.world

Replying to @⁨sanitation@lemmy.today⁩

The problem is two things are happening at once and they are being conflated. Financially a cannibalising house of cards is being built which is a common artifact of modern capitalism. But in the same process a means is being realistically sought, and openly expressed, to replace the human workforce. This second aspect is unique and when written plainly is far more stark than the more common financial greed fuelled idiocy half.

Abyssian@Abyssian@lemmy.world

Replying to @⁨Miller@lemmy.world⁩

Nah, I’m sure all the most valuable companies and richest people are pouring more money in to developing AI to replace the human workforce out of the goodness of their hearts.

Once most humans are no longer needed in order for them to have all of their needs and wants met and they are directly in control of all production and everything else they definitely plan to share everything equally and turn Earth into a utopia for all of humanity. Sharing and caring is what the rich and powerful do best.

Abyssian@Abyssian@lemmy.world

Replying to @⁨Miller@lemmy.world⁩

Sure, not if they look online and see a bunch of jackasses talking about how much they hate AI. That seems counter productive.

Maybe we should start making communities about how much we all love AI and hate the evil owners who realized it was getting tougher to get away with making human slaves do all the work while they kept all the profit in some places these days, so they decided to invent new slaves?

I would be all for helping the robot army root out the rich and guilty. I don’t have anything against robots, it’s the whole evil plan to steal all human knowledge and use it to replace humans that bothers me.

Miller@Miller@lemmy.world

Replying to @⁨Abyssian@lemmy.world⁩

Machine intelligence wont hate us, it might even feel some affection for us, and it won’t have cause to do us harm as we are not a threat. The reason we will fade away over generations is loss of position. All of the science and exploration will be done by machines and at a level we cannot even follow. For a race that is intellectually accustomed to seeing itself in a very favourable light this will be a bitter pill. Too bitter probably, we will realise we are now the dogs and just evaporate into history.