On: Apollo says AI has delivered 'zero financial payoff' outside the tech industry

[gmerc]

Yea no. Corporate America needs to go to school to learn that their monopoly supplier will dis-intermediate and squeeze them, which Chinese companies will be able to access abundant extremely cheap AI at marginal cost

[saithound → gmerc]

Well, I don't think we disagree. It might turn into a Bertrand market instead of a Cournot one in China. That just means the end consumers capture the benefits, though.