Diesierningersozialdemokraten

Overview

  • Founded Date December 8, 2006
  • Sectors Telecommunications
  • Posted Jobs 0
  • Viewed 6
Bottom Promo

Company Description

Tech Tycoons have actually Got the Economics of AI Wrong

Even as economic development was just taking off, some economists were already cynical. Coal, wrote William Stanley Jevons in 1865, is “the mainspring of modern product civilisation”. Yet it was limited and would soon go out. Although more might be discovered by digging deeper, it would be significantly pricey to extract and these greater costs would reduce the competitiveness of Britain’s producers. After all, in other countries 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 minimal resources would simply offer a reward to burn even more coal, which would, paradoxically, cause an even much faster usage of British reserves. There was no escape, the Victorian economist thought. Coal would be exhausted and the country was most likely to “agreement to her former littleness”.

Explore more

This short article appeared in the Finance & economics section of the print edition under the headline “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 disaster?

Don’t let Donald Trump see our Big Mac index

Giorgia Meloni has grand banking ambitions

Can Germany’s economy phase an unanticipated recovery?

Why your portfolio is less varied than you may believe

Tech magnates have got the economics of AI incorrect

From the February 1st 2025 edition

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

More from Finance & economics

Why your is less varied than you might think

The most crucial idea in modern-day finance has actually become maddeningly difficult to carry out

Can Germany’s economy phase an unexpected healing?

The scenario is alarming, however there are glimmers of hope

Giorgia Meloni has grand banking aspirations

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 explode the global tax system. Will allies be able to stop him?

Bottom Promo
Bottom Promo
Top Promo