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posted in Technology

sanitation@sanitation@lemmy.today
⁨4⁩d

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.
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chunes@chunes@lemmy.world
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Replying to @⁨sanitation@lemmy.today⁩

I’m not sure it matters anymore. It’s like they’ve found a way to make it not matter.

⁨Aug⁩ ⁨11⁩, ⁨2026⁩, ⁨11:40⁩en
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AdolfSchmitler@AdolfSchmitler@lemmy.world
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Replying to @⁨chunes@lemmy.world⁩

The government has told them it will pay whatever costs are needed in order to complete their ultimate surveillance state utopia.

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badgermurphy@badgermurphy@lemmy.world
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Replying to @⁨AdolfSchmitler@lemmy.world⁩

The government’s too broke for that this time, though. Especially true after the bubble starts to pop and everyone’s credit gets downgraded again.

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Jankatarch@Jankatarch@lemmy.world
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Replying to @⁨chunes@lemmy.world⁩

People gambling away a small portion of their generational wealth is, in practice, infinite money.

It’s kinda impressive. Technology has come so far that upper class is basically living in a post-scarcity collective now.

We could get away with 6 hour work-weeks at $300/hr if we just removed the middlemen inefficencies from the economy.

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