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posted by [personal profile] jemck at 10:17am on 04/03/2025
"Jim Covello, Head of Global Equity Research at Goldman Sachs, argues that although AI looks like it’ll attract US$1 trillion in investment in the coming years, there really isn’t a US$1 trillion problem for it to solve. Someone’s going to lose a lot of money. "

https://thefutureeconomy.ca/op-eds/what-if-generative-ai-signals-decline-and-stagnation-not-a-productivity-boost/

So how about governments don't rip up copyright law to help out the chancers chasing this mirage, but pivot to defending and supporting the creative industries which make money for their economies.
There is 1 comment on this entry. (Reply.)
heleninwales: (Default)
posted by [personal profile] heleninwales at 02:10pm on 04/03/2025
It's another dot.com bubble that's about to burst. I've not seen anyone suggest a genuinely useful commercial application for AI. A lot of people are likely to lose a lot of money very soon.

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