#oligopoly — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #oligopoly, aggregated by home.social.
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Canada is a the world leader in rigged markets that pander to MBA fck-wits: “If I was WestJet’s CEO, I would not want any competition. I would want to make it as monopolistic or duopolistic for maximizing profit,” he told the Star.
#airlines #WestJet #competition #oligopoly #rigged #consumers #corporatism #Canada #Cdnbusiness #bussiness #markets #regulations
https://www.thestar.com/business/document-shows-westjets-push-against-federal-air-passenger-rights-regulations/article_04d36601-d56e-49f9-b8a1-650bc3ef3e94.html -
Canada is a the world leader in rigged markets that pander to MBA fck-wits: “If I was WestJet’s CEO, I would not want any competition. I would want to make it as monopolistic or duopolistic for maximizing profit,” he told the Star.
#airlines #WestJet #competition #oligopoly #rigged #consumers #corporatism #Canada #Cdnbusiness #bussiness #markets #regulations
https://www.thestar.com/business/document-shows-westjets-push-against-federal-air-passenger-rights-regulations/article_04d36601-d56e-49f9-b8a1-650bc3ef3e94.html -
Canada is a the world leader in rigged markets that pander to MBA fck-wits: “If I was WestJet’s CEO, I would not want any competition. I would want to make it as monopolistic or duopolistic for maximizing profit,” he told the Star.
#airlines #WestJet #competition #oligopoly #rigged #consumers #corporatism #Canada #Cdnbusiness #bussiness #markets #regulations
https://www.thestar.com/business/document-shows-westjets-push-against-federal-air-passenger-rights-regulations/article_04d36601-d56e-49f9-b8a1-650bc3ef3e94.html -
Canada is a the world leader in rigged markets that pander to MBA fck-wits: “If I was WestJet’s CEO, I would not want any competition. I would want to make it as monopolistic or duopolistic for maximizing profit,” he told the Star.
#airlines #WestJet #competition #oligopoly #rigged #consumers #corporatism #Canada #Cdnbusiness #bussiness #markets #regulations
https://www.thestar.com/business/document-shows-westjets-push-against-federal-air-passenger-rights-regulations/article_04d36601-d56e-49f9-b8a1-650bc3ef3e94.html -
Canada is a the world leader in rigged markets that pander to MBA fck-wits: “If I was WestJet’s CEO, I would not want any competition. I would want to make it as monopolistic or duopolistic for maximizing profit,” he told the Star.
#airlines #WestJet #competition #oligopoly #rigged #consumers #corporatism #Canada #Cdnbusiness #bussiness #markets #regulations
https://www.thestar.com/business/document-shows-westjets-push-against-federal-air-passenger-rights-regulations/article_04d36601-d56e-49f9-b8a1-650bc3ef3e94.html -
As a famous comedy TV star in decades gone by was often heard to say: ‘Surprise, surprise, surprise.’ (I did watch Gomer Pyle but I wasn’t a fan, if that makes sense - but I digress)
“Report warns AI data centre boom threatens Australia's energy transition.” Who missed this? It has been the talk everywhere and US-side is now dealing with their own #DataCentre issues.
If it wasn’t enough for the #GenAISlop peddlers to hoover up the internet without so much as a thank you to creators of the content, digitising (mostly) library books (Libraries close and #TechBros give you access to the books — For A Fee) and flooding the digital world with regurgitated and confabulated information. These same #LibertarianTechHeads now want our water and energy to run their insane harware platforms. For what? More #Chatbots? More #CrapCoding. More #FakeImages? More #FascistPropaganda?
#NEM #Greenpeace #AusPol #TransitionToRenewables #ClimateChange #WaterResources #EnergyResources #GenAISlop #Oligopoly #TaxTheRich #NoBillionaires
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As a famous comedy TV star in decades gone by was often heard to say: ‘Surprise, surprise, surprise.’ (I did watch Gomer Pyle but I wasn’t a fan, if that makes sense - but I digress)
“Report warns AI data centre boom threatens Australia's energy transition.” Who missed this? It has been the talk everywhere and US-side is now dealing with their own #DataCentre issues.
If it wasn’t enough for the #GenAISlop peddlers to hoover up the internet without so much as a thank you to creators of the content, digitising (mostly) library books (Libraries close and #TechBros give you access to the books — For A Fee) and flooding the digital world with regurgitated and confabulated information. These same #LibertarianTechHeads now want our water and energy to run their insane harware platforms. For what? More #Chatbots? More #CrapCoding. More #FakeImages? More #FascistPropaganda?
#NEM #Greenpeace #AusPol #TransitionToRenewables #ClimateChange #WaterResources #EnergyResources #GenAISlop #Oligopoly #TaxTheRich #NoBillionaires
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As a famous comedy TV star in decades gone by was often heard to say: ‘Surprise, surprise, surprise.’ (I did watch Gomer Pyle but I wasn’t a fan, if that makes sense - but I digress)
“Report warns AI data centre boom threatens Australia's energy transition.” Who missed this? It has been the talk everywhere and US-side is now dealing with their own #DataCentre issues.
If it wasn’t enough for the #GenAISlop peddlers to hoover up the internet without so much as a thank you to creators of the content, digitising (mostly) library books (Libraries close and #TechBros give you access to the books — For A Fee) and flooding the digital world with regurgitated and confabulated information. These same #LibertarianTechHeads now want our water and energy to run their insane harware platforms. For what? More #Chatbots? More #CrapCoding. More #FakeImages? More #FascistPropaganda?
#NEM #Greenpeace #AusPol #TransitionToRenewables #ClimateChange #WaterResources #EnergyResources #GenAISlop #Oligopoly #TaxTheRich #NoBillionaires
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As a famous comedy TV star in decades gone by was often heard to say: ‘Surprise, surprise, surprise.’ (I did watch Gomer Pyle but I wasn’t a fan, if that makes sense - but I digress)
“Report warns AI data centre boom threatens Australia's energy transition.” Who missed this? It has been the talk everywhere and US-side is now dealing with their own #DataCentre issues.
If it wasn’t enough for the #GenAISlop peddlers to hoover up the internet without so much as a thank you to creators of the content, digitising (mostly) library books (Libraries close and #TechBros give you access to the books — For A Fee) and flooding the digital world with regurgitated and confabulated information. These same #LibertarianTechHeads now want our water and energy to run their insane harware platforms. For what? More #Chatbots? More #CrapCoding. More #FakeImages? More #FascistPropaganda?
#NEM #Greenpeace #AusPol #TransitionToRenewables #ClimateChange #WaterResources #EnergyResources #GenAISlop #Oligopoly #TaxTheRich #NoBillionaires
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As a famous comedy TV star in decades gone by was often heard to say: ‘Surprise, surprise, surprise.’ (I did watch Gomer Pyle but I wasn’t a fan, if that makes sense - but I digress)
“Report warns AI data centre boom threatens Australia's energy transition.” Who missed this? It has been the talk everywhere and US-side is now dealing with their own #DataCentre issues.
If it wasn’t enough for the #GenAISlop peddlers to hoover up the internet without so much as a thank you to creators of the content, digitising (mostly) library books (Libraries close and #TechBros give you access to the books — For A Fee) and flooding the digital world with regurgitated and confabulated information. These same #LibertarianTechHeads now want our water and energy to run their insane harware platforms. For what? More #Chatbots? More #CrapCoding. More #FakeImages? More #FascistPropaganda?
#NEM #Greenpeace #AusPol #TransitionToRenewables #ClimateChange #WaterResources #EnergyResources #GenAISlop #Oligopoly #TaxTheRich #NoBillionaires
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RE: https://aus.social/@luciedigitalni/116580425841503618
'Looming over it all is Lachlan Murdoch, executive chairman of News Corp and chief executive of Fox Corporation, where Abbott sits on the board. The three of them – Abbott, Credlin and Murdoch – are, as one insider puts it, “incredibly tight, thick as thieves”. Murdoch’s media outlets are expected to back whatever Abbott decides'
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RE: https://aus.social/@luciedigitalni/116580425841503618
'Looming over it all is Lachlan Murdoch, executive chairman of News Corp and chief executive of Fox Corporation, where Abbott sits on the board. The three of them – Abbott, Credlin and Murdoch – are, as one insider puts it, “incredibly tight, thick as thieves”. Murdoch’s media outlets are expected to back whatever Abbott decides'
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RE: https://aus.social/@luciedigitalni/116580425841503618
'Looming over it all is Lachlan Murdoch, executive chairman of News Corp and chief executive of Fox Corporation, where Abbott sits on the board. The three of them – Abbott, Credlin and Murdoch – are, as one insider puts it, “incredibly tight, thick as thieves”. Murdoch’s media outlets are expected to back whatever Abbott decides'
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RE: https://aus.social/@luciedigitalni/116580425841503618
'Looming over it all is Lachlan Murdoch, executive chairman of News Corp and chief executive of Fox Corporation, where Abbott sits on the board. The three of them – Abbott, Credlin and Murdoch – are, as one insider puts it, “incredibly tight, thick as thieves”. Murdoch’s media outlets are expected to back whatever Abbott decides'
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RE: https://aus.social/@luciedigitalni/116580425841503618
'Looming over it all is Lachlan Murdoch, executive chairman of News Corp and chief executive of Fox Corporation, where Abbott sits on the board. The three of them – Abbott, Credlin and Murdoch – are, as one insider puts it, “incredibly tight, thick as thieves”. Murdoch’s media outlets are expected to back whatever Abbott decides'
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https://www.ft.com/content/c3b70fde-3e8a-4661-a4cb-7dc1564f43b1?syn-25a6b1a6=1
Now the horrible zombies of #WallStreet #SiliconValley #billionaires will start buying up all these #bankrupt #farmers leading to even more consolidation and profits while condemning the rest to more pain.
#agriculture #food #land #water #farming #hunger #starvation #inflation #fertilizer #oligopoly
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Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Multilateralism for middle powers
" Multilateralism is shorthand for the much-invoked “rules-based international order”; multipolarity is the world of competing spheres of interest, what Stubb calls “an oligopoly of power”, where the strong do what they will and the weak do what they must.
We are not simply in a transition; we are in a fight for a future world order. And the path to a healthy outcome necessarily runs through international institutions, from the UN to settings far beyond it, where we must rethink membership and power for global cooperation to survive.The world is being reshaped by the “structural” forces of demography, climate and technology,
Part of the problem, Stubb argues, is that “the US is not a modern society by European or Asian standards”. This helps to explain the growing influence of a radical form of evangelical Christianity within the Trump administration. But it also accounts for the absence of adequate healthcare, education and housing that plagues the US, in particular, and neoliberal economies like Australia’s more generally.
Without strong multilateral systems, all interstate deals become transactional. A multipolar world runs on self-interest. A multilateral world makes the common interest a self-interest. " >>
https://theconversation.com/finlands-president-alexander-stubb-has-some-ideas-to-save-the-international-order-and-ourselves-280153
#Multilateralism #MiddlePowers #Australia #TheWest #InternationalOrder #SelfInterest #oligopoly -
Enshitification the Canadian edition.
"It’s a far cry from today’s flying experience, as passengers strain to fit into ever-shrinking seats, contend with new fees for previously included features and fight for compensation following cancelled and delayed flights. The road here was paved by the deregulation of the airline industry and the dominance of Air Canada and WestJet over the Canadian market"
#capitalism #consumerrights #markets #economics #regulations #oligopoly
https://www.thestar.com/business/how-flying-in-canada-went-from-glitz-and-glamour-to-cramped-misery-and-how-we/article_2a16ade5-0e4a-4e7e-a428-9747219a3be3.html -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
I've never hated #capitalism as described in my #Economics classes or by its proponents. I hate #CronyCapitalism, #monopolies & #monopsonies & their "oli-" kin ( #oligopoly for example). I want actual #FreeMarket capitalism with strong #rules, enforced equally. I want true #AdamSmith capitalism.
Why The Rich Hate Capitalism -... -
Crazy to think how much power sits with just a few players shaping how AI develops. It's getting so big and interconnected you can’t even tell where one company ends and another begins. #AI #BigTech #Oligopoly #Monopoly
There Is Only One AI Company. ... -
🏴☠️Pirate everything.🏴☠️
Support your local library 📚.
Support authors and creators directly 💸. -
Canada is just three Telecommunications companies in a trench coat.
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Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
Translation: Hi there,
It's your good buddies at Optus here.
Your thank you gift is waiting.
No, it's not a Triple Zero emergency service that doesn't go offline when you need an ambulance.
And no, it's not fair compensation for that time we had a nationwide outage and managed to not just take out your phone and internet, but also half of the national economy.
And no, it's not yet another free subscription to that bloody soccer streaming service. We finally took the hint and shut that down.
No, this time an AI subscription service is looking to deceive its investors by pumping up its paid subscriber numbers.
So we took a bucket of money from them in exchange for spamming our customers with a text message.
You know the deal. 12 months free. You won't get charged if you remember to cancel before the deal expires and then make it through all their dark patterns.
We know we can get away with it because we're one third of one of Australia's big corporate oligopolies.
I mean, what are you going to do? Chances are the whole reason you switched to us is because you were pissed off at Telstra.
And your only other choice is TPG/Voda/iiNet/WestNet/Internode/Lebara/TransACT/Crazy John's/Neighbourhood Cable... (it's all one conglomerate with awful mobile coverage now).
#Optus #perplexityassistant #perplexityai #perplexity #ausbiz #AI #enshittification #business #oligopoly -
CW: USpol
"It's totally fine to make us an even bigger player in an #oligopoly" says the behemoth owner of already-too-many television stations while censoring a late-night talk show host at the behest of the federal government for the sin of criticizing the President.
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»AI Will Not Make You Rich« #GenerativeAI is unlikely to create new #wealth for #inventors and #investors, as its value will be captured by #customers rather than its #builders. Unlike the microprocessor, which spurred a wave of #innovation and #wealthcreation, AI is expected to lead to an #oligopoly, with gains accruing to a few companies. https://joincolossus.com/article/ai-will-not-make-you-rich/?eicker.news #tech #media #news
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»AI Will Not Make You Rich« #GenerativeAI is unlikely to create new #wealth for #inventors and #investors, as its value will be captured by #customers rather than its #builders. Unlike the microprocessor, which spurred a wave of #innovation and #wealthcreation, AI is expected to lead to an #oligopoly, with gains accruing to a few companies. https://joincolossus.com/article/ai-will-not-make-you-rich/?eicker.news #tech #media #news
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»AI Will Not Make You Rich« #GenerativeAI is unlikely to create new #wealth for #inventors and #investors, as its value will be captured by #customers rather than its #builders. Unlike the microprocessor, which spurred a wave of #innovation and #wealthcreation, AI is expected to lead to an #oligopoly, with gains accruing to a few companies. https://joincolossus.com/article/ai-will-not-make-you-rich/?eicker.news #tech #media #news
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»AI Will Not Make You Rich« #GenerativeAI is unlikely to create new #wealth for #inventors and #investors, as its value will be captured by #customers rather than its #builders. Unlike the microprocessor, which spurred a wave of #innovation and #wealthcreation, AI is expected to lead to an #oligopoly, with gains accruing to a few companies. https://joincolossus.com/article/ai-will-not-make-you-rich/?eicker.news #tech #media #news
