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[–] -2 points 4 days ago (5 children)

I mean if you were an economist you'd know exactly why AI companies are making massive profits, because its more profitable to sell shovels during the gold rush than it is to find gold. Doesn't mean gold is worthless and not profitable, it's pretty basic economics, but you know that already.

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  • [–] 8 points 4 days ago (3 children)

    I mean if you were an economist you’d know exactly why AI companies are making massive profits

    They are literally not making massive profits. They may be making lyin' Sam Altman rich, but the VC money is drying up and OpenAI has repayments coming up in 2027 that it doesn't have a chance in hell of being able to payback.

    https://www.wheresyoured.at/brokenomics/

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