AI Economics for Dummies

1. Jenny owns a crematorium. John’s propane company gives her a $20 billion investment in return for 5 percent of her operation. Jenny throws $10 billion into the incinerator, then pays John $10 billion to buy propane to burn that money to ashes. John reports that his AI investments have generated $10 billion in revenue this quarter and that he owns 5 percent of a $100 billion business.

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