Live data from Hacker News

America is now one big bet on AI

ft.com

191–193 of 193 posts

Re: America is now one big bet on AI

#191

Earlier quoted context omitted.

Profit at the purest level is a reflection of value created. Yes there's a whole bunch of financial engeering to create "losses" for tax reasons etc. but ultimately value added is profit.

I don’t think it’s all artificial. I think a lot of startups operate at huge losses of VC money because they have an interesting enough idea and they hope to find a way of making profits eventually, and they never do. I think this can be said about nearly every Blockchain startup, for example.

Well this is it they're net detractors to value add in society, i.e. making losses.

There might be a chance that their value is not recognised correctly, but on the whole they consume more value than they produce. Obviously this is purely day to day operational expenditure not capital expenditure.

Re: America is now one big bet on AI

#193

Earlier quoted context omitted.

This is deeply, deeply untrue. There is a direct relationship between low unemployment and high inflation.

Does inflation rise faster than wages? In the US with unionization so suppressed labor has no leverage.

Low unemployment means there is more competition among employers for workers. This competition takes the form of higher wages.

Higher wages means the price of what is produced goes up: inflation.

This is why central banks try to keep unemployment down to, but very definitely not below, anywhere from 2-4 percent, depending on the country.

This is pretty much an economic law of nature, so to speak.

Post reply on HN