Drpritamshomeo

Overview

  • Founded Date February 14, 1963
  • Sectors Estate Agency
  • Posted Jobs 0
  • Viewed 9

Company Description

Tech Tycoons have Got the Economics of AI Wrong

Even as economic development was just removing, some economic experts were currently pessimistic. Coal, wrote William Stanley Jevons in 1865, is “the mainspring of modern-day material civilisation”. Yet it was finite and would soon run out. Although more could be found by digging deeper, it would be increasingly pricey to and these greater costs would lower the competitiveness of Britain’s manufacturers. After all, in other nations the black fuel was still in sight of daylight. Efficiency gains-using less coal to produce the same amount of stuff-would not conserve the nation. Indeed, cleverer usage of limited resources would merely provide an incentive to burn much more coal, which would, paradoxically, lead to an even much faster usage of British reserves. There was no escape, the Victorian economist believed. Coal would be tired and the country was likely to “agreement to her former littleness”.

Explore more

This short article appeared in the Finance & economics area 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 craze end in catastrophe?

Don’t let Donald Trump see our Big Mac index

Giorgia Meloni has grand banking aspirations

Can Germany’s economy phase an unforeseen recovery?

Why your portfolio is less diversified than you may think

Tech tycoons have actually got the economics of AI incorrect

From the February 1st 2025 edition

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

More from Finance & economics

Why your portfolio is less diversified than you may believe

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

Can Germany’s economy phase an unforeseen healing?

The scenario is dire, but there are glimmers of hope

Giorgia Meloni has grand banking ambitions

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

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

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