“Top Economist” states the bleeding obvious.
He forgot the: Because investors are now the only ones with money to spend.
Funny how the “Top Economist” just parroted what Ed Zitron, also quoted on the piece, has been harping on, since… checks notes always.
Edit: Zitron, the name. Not Zitrone, The German word for lemon.
Ponzi called, he wants his scheme back.
Well the jerk store called, and they’re running out of you!
Well I slept with your wife!
username… unrelated to the whole situation ?
Lol at the lawnmower thumbnail
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.
Implies that people are largely still pretty incompetent with it. The pioneers have a lot to win.
The problem with capitalism is that morons can get filthy rich and make poor decisions.
Example 1: US president.
There there. Give some credit to the American people. They’re the ones that elected him. Twice.
well i will agree they failed to prevent his presidency, twice.
