Tech Talent Source

Overview

  • Founded Date March 29, 2017
  • Sectors Restaurant / Food Services
  • Posted Jobs 0
  • Viewed 5
Bottom Promo

Company Description

Tech Tycoons have Got the Economics of AI Wrong

Even as financial development was simply removing, some were already pessimistic. Coal, wrote William Stanley Jevons in 1865, is “the mainspring of modern material civilisation”. Yet it was finite and would soon go out. Although more might be discovered by digging deeper, it would be progressively expensive to extract and these greater expenses would lower the competitiveness of Britain’s makers. After all, in other countries the black fuel was still in sight of daylight. Efficiency gains-using less coal to produce the exact same amount of stuff-would not conserve the country. Indeed, cleverer use of minimal resources would merely supply an incentive to burn even more coal, which would, paradoxically, cause an even much faster use of British reserves. There was no escape, the Victorian economic expert thought. Coal would be exhausted and the country was likely to “agreement to her former littleness”.

Explore more

This post appeared in the Finance & economics section of the print edition under the heading “Rocked by DeepSeek”

Finance & economics February 1st 2025

Donald Trump’s financial warfare has a brand-new front

Will America’s crypto frenzy end in catastrophe?

Don’t let Donald Trump see our Big Mac index

Giorgia Meloni has grand banking ambitions

Can Germany’s economy stage an unanticipated healing?

Why your portfolio is less diversified than you may believe

Tech magnates have actually got the economics of AI wrong

From the February 1st 2025 edition

Discover stories from this area and more in the list of contents

More from Finance & economics

Why your portfolio is less varied than you may believe

The most essential idea in modern finance has actually become maddeningly difficult to execute

Can Germany’s economy stage an unexpected healing?

The circumstance is dire, but there are twinkles of hope

Giorgia Meloni has grand banking ambitions

Will Italy’s nationalist prime minister manage to concentrate monetary power?

Donald Trump’s financial warfare has a new front

The president has actually threatened to blow up the worldwide tax system. Will allies have the ability to stop him?

Bottom Promo
Bottom Promo
Top Promo