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Venture capitalists in clean tech are starting to say out loud what they’ve suspected for a while: China’s dominance has left key sectors in the West uninvestable. (www.bloomberg.com)

submitted 3 weeks ago by yogthos@lemmygrad.ml to c/technology@lemmygrad.ml

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[–] ExotiqueMatter@lemmygrad.ml 12 points 3 weeks ago (1 children)

You can't blame me for wanting guaranties that my ventures will generate a good return on investment, I can't sacrifice my 1B$ portfolio just to save the world you see?

[–] GreatSquare@lemmygrad.ml 7 points 3 weeks ago

This is why the world cannot rely on capitalism to solve an environmental issue. Capitalists are only motivated by profits. Seeing that they can't compete in a market, they just leave.

Expect the same shit if AI profit projections turn bad.