Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

Ponzi called, he wants his scheme back.

I’m willing to bet most of the funders are people using AI to replace workers and manipulate the masses. So really; they’re paying customers.

I didn’t go to business school, so take this with a grain of salt: doesn’t business solvency require you to charge more for your product than it cost you to produce it and bring it to market?

Powerful people are willing to pay a large price to manipulate the masses.

As7de from that, the plan is to lose money for years gobbling up all the data before there’s laws that actually get enforced to protect against it, and to get an entire generation of college kids and workers dependant on using AI, with companies relying heavily on its usage. This is happening to a huge degree right now with data entry, “vibe coders”, Law firms, and healthcare.

Those people won’t really be able to transition back or away from AI. They’ll be dependent on it. And AI will start charging them way more than they are now. And they’ll eat the costs and pay it.

So it’s stealing data while it’s free or nearly free, power to manipulate all the sheeple, create dependency.

But it doesn’t work! You hear all sorts of anecdotes about a business who retrenched their workforce to replace with LLMs, everything comes crashing down and they have to rehire all their workforce at higher rates.

It would be interesting to see actual verified numbers. I am sure that a lot of useless people can be replaced with computers, but most of the time, all it requires is a very small sh script, it doesn’t need a monstrous data centre that uses more water and power than a human.