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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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mHtt@mHtt@lemmy.ca
⁨3⁩d

Replying to @⁨sanitation@lemmy.today⁩

The problem with capitalism is that morons can get filthy rich and make poor decisions.

Example 1: US president.

⁨Aug⁩ ⁨12⁩, ⁨2026⁩, ⁨03:44⁩en
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Regrettable_incident@Regrettable_incident@lemmy.world
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Replying to @⁨mHtt@lemmy.ca⁩

Yeah, look at Zuckerberg, who recently burned billions on his crappy virtual reality project, and is now doing the same with AI.

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Echo Dot@echodot@feddit.uk
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Replying to @⁨Regrettable_incident@lemmy.world⁩

The stupid thing is there are already profitable VR games that basically do exactly what Zuckerberg was trying to do. Some help despite the fact that he could just copied somebody else’s homework he managed to screw it up.

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Avicenna@Avicenna@programming.dev
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Replying to @⁨mHtt@lemmy.ca⁩

I mean really the same problem with Monarchy. Once someone somehow gets on top very hard to remove them and their descendants from power even if the original person or their descendants are complete idiots.

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Atomic@Atomic@sh.itjust.works
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Replying to @⁨mHtt@lemmy.ca⁩

There there. Give some credit to the American people. They’re the ones that elected him. Twice.

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