Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
We could take the assets of the 100 richest people in the world and redistribute it evenly amongst people who are struggling — and all that would happen is that there wouldn’t be enough production to meet the new spending ability, so so prices would go up. Those who control the production would simply get all their money back again, and we’d be back to where we started.
Then we should do that over and over again.