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Wandering Adventure Party

Florian WeberF

fnwbr@chaos.social

@fnwbr@chaos.social
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Recent Best Controversial

  • AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380 😂😂😂
    Florian WeberF Florian Weber

    @nixCraft And if you don't trust Goldman Sachs, maybe you believe 6000 executives from the US, UK, Germany and Australia a little bit more. From the study:

    > "Third, the impact of AI on firm employment and productivity has been small so far. On average, more than 90% of business managers across the four countries estimate no impact of AI on their employment over the past three years. 89% report no impact of AI on their labor productivity over the last three years."

    https://fortune.com/2026/02/17/ai-productivity-paradox-ceo-study-robert-solow-information-technology-age/

    World

  • > "The collapse of the AI bubble is going to be ugly.
    Florian WeberF Florian Weber

    > "The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU."

    And if you're interested in what "vulgar Thatcherism" refers to, you should give this one by @pluralistic a good read:

    Link Preview Image
    AI companies will fail. We can salvage something from the wreckage | Cory Doctorow

    AI is asbestos in the walls of our tech society, stuffed there by monopolists run amok. A serious fight against it must strike at its roots

    favicon

    the Guardian (www.theguardian.com)

    World
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