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AI industry likened to Klondike gold rush for profit models

The AI industry is compared to the Klondike gold rush, where companies like NVIDIA profit from building the necessary tools (shovels). Other entities, such as consulting firms like EY and McKinsey, profit by selling these tools and services to businesses. Journalists are also seen as profiting by promoting the adoption of AI. AI

IMPACT This commentary highlights how various entities profit from the AI boom by providing tools, services, and promotion, rather than direct AI development.

RANK_REASON The item is an opinion piece comparing the AI industry to a historical event.

Read on Mastodon — fosstodon.org →

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COVERAGE [1]

  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    @ themadhatter @ JulianOliver @ ajuvo @ collective_zero As in the Klondike gold rush it is profitable if you - build shovels: NVIDIA - sell shovels: EY, McKinse

    @ themadhatter @ JulianOliver @ ajuvo @ collective_zero As in the Klondike gold rush it is profitable if you - build shovels: NVIDIA - sell shovels: EY, McKinsey, Deloitte, Adesso and all the nameless consultants running around and yelling in your face "YOU NEED AI" - run a hotel…