eocnomics of ai

The Economics of AI Do Not Work

Cory Doctorow @ pluralistic.net • 1 day ago

Here is an interesting article by Cory Doctorow on the coming AI bubble and why he thinks it is inevitable. Hint, the economics don’t work. Here he is an example of the problem of “the funny accounting in the AI bubble. Microsoft “invests” in Openai by giving the company free access to its servers. Openai reports this as a ten billion dollar investment, then redeems these “tokens” at Microsoft’s data-centers. Microsoft then books this as ten billion in revenue.”