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.
Sam Altman and others have publicly stated (something to the effect that) the end goal is for AI to replace workers. There is no amount of money too big for a capitalist to bet on that outcome, especially if they deem it plausible.
Sam Altman and others have publicly stated (something to the effect that) the end goal is for AI to replace workers. There is no amount of money too big for a capitalist to bet on that outcome, especially if they deem it plausible.
And then who buys the products 🫠
Exchange still occurs globally and amongst the upper class.