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by mandevil
58 days ago
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Previous generations of technological change of the calibre we are told AI will be also required major changes to the real world and new products to be built: new cell towers had to be constructed, fibre cables laid, data centers built, personal computers produced, warehouses established. And software needed to be fundamentally rewritten to support each of these generations too. And yet the companies doing that in those previous generations managed to produce huge profits significantly faster than Generative AI has. That's my biggest concern with it, I don't see the business case closing anywhere, and without businesses that actually make money all the technology in the world doesn't actually do anything. |
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Have you considered a simple answer to this inconsistency? The market and investors does not demand that these AI companies make a profit. The only reason companies are expected to make profits is because either those who own shares in the company expect it, or those willing to invest in a company expect it.