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Jasmine R's avatar

If you want an explanation for why AI companies are so incomprehensibly capitalized, as you put it, read Technofeudalism: What Killed Capitalism by economist Yanis Varoufakis. He posits that profit is no longer the goal; instead, it's trapping people on digital platforms and charging them rent, or cloud rent, as he calls it.

In my mind, he explained why Silicon Valley is the way it is and how companies like Uber can be so valuable while being largely unprofitable.

He also goes over America's key place in the global economy, which might change now that Trump has been reelected.

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Tbone's avatar

I finally subscribed and I am here for your favorite heavy metal tunes of the year (in addition to everything else).

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