The 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.
Fancy being a top economist and therefore being privy to knowledge that is beyond the capabilities of us mortals. We thought the AI was a profitable business, and it turns out it’s a giant scam, who would have thought it?
Fancy being a top economist and therefore being privy to knowledge that is beyond the capabilities of us mortals. We thought the AI was a profitable business, and it turns out it’s a giant scam, who would have thought it?
If you thought AI was profitable that’s on you. Normal people have had the information required since the start.
It’s also expected that new tech companies won’t see profits for the first 10 years. That’s not new.
The other person was being sarcastic.