this post was submitted on 11 Aug 2026
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278
Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers' (fortune.com)
submitted 7 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] Abyssian@lemmy.world 2 points 1 hour ago (1 children)

The issue is that AI companies have been funded on the promise that with enough advancements and upgrades this tech will achieve AGI. Which is an absurd statement to anyone in the field actually developing these things.

You genuinely believe that the people in frontier labs under such severe NDAs we've had articles about how unusual they are believe it's absurd to think that what they're working on could lead to "AGI"?

What would the goal of that be in your mind? Getting as much investment as humanly possible before everyone figures out the leading specialists have been being paid insane amounts of money just to act like what they're doing matters and the valuations all plummet to nothing over night? Why?

With all the money poured in to this from all the sources it's coming from that would end in a lot of the most powerful companies, government bodies, and individuals in the world extremely unhappy and blaming the people running those frontier labs.

Getting a lot of news and attention and then saying "psych, lol" and being imprisoned for life or murdered doesn't seem like a great long term plan.

[–] Shayeta@feddit.org 1 points 32 minutes ago

I believe the people in frontier labs are doing their best to push in that direction.

I believe the investors believe they will have AGIs in a few years.

I believe the human species has throughout history repeatedly proven the height of its hubris and the depth of its stupidity.