This race to displace human labor with AI is a typical late-stage capitalism race to the bottom because it ignores something fundamental: workers are also consumers. No job, no money, no purchases.

In other words, all companies embracing AI are collectively working their ass off to destroy their own and everybody else's markets. It's global economic suicide.

But... capitalism being what it is and doing what it does, it only looks at what the competition does, expenses and no further than the next quarter. So individual corporations see AI as a way to reduce expenses and get ahead of the competition that does the same thing.

They all know AI will destroy everything eventually, including themselves, if they all do the same thing. But they can't help it: corporations look no further than their own selfish interests with the narrowest possible set of criteria, and the bigger picture be damned. Always.

Then you don't profit, fucker. 🤷‍♂️

Figure something else out, asshole.

But, like, who's gonna give them money for a product?

Reminder that the Luddites were not against mechanization, and not just made at the loom and nothing else.

They were a pro-worker movement who want to see the increase in efficiency translate to less hours for more overall pay, instead of just a drastic reduction in the amount of jobs with weekly earnings remaining unchanged.

They got made a joke, because they did gain some ground.

The looks were expensive and located in a central location, so that's where Luddite activity was focused. A modern equivalent would be something like all the AI data centers being built nationwide against locals wishes.

Especially before construction is finished. Delays in construction are very expensive and not exactly covered by insurance to my knowledge.

The remarks echo what he said in September, when he told the Financial Times that AI will “create massive unemployment and a huge rise in profits,” attributing it to the capitalist system.

So if the middle and lower classes don't have jobs, the Wealthy are going to circulate money back and forth? So trickle-down becomes trickle-around? Trickle down doesn't work as intended. So trickle around is likely to fail, too.

pop goes the bubble

AI is a massive bubble, and it will be popping in the next year or so. It will still be the case that no companies are making money from it. Why? Because it makes the technology more accessible, and allows individuals to do things that otherwise would have taken a team without AI. The level of competition is extremely high, and no one will be willing to pay for AI services. Profitable companies with multiple revenue sources like Google and Meta will continue to offer AI services for free, while companies like Anthropic and OpenAI will run out of money.

Lol. If humans can't make money then they can't spend money on using your AI.

AI as it currently is an excuse to lay people, off without saying they are laid off or fired.

I don't understand, if humans aren't needed for labor, teaching, or arts, then the humans can't make money and spend money. And can't eat. Won't reproduce.

So who will the billionaires and corporations sell stuff to? Each other?

Will the Epstein class just abuse and eat the humans?

What a stupid fuckwit. We have no leaders capable of stepping into the future and making more. Everyone turns to the past because they have no vision of a future anyone wants to buy into. This is what a system without meritocratic order creates. Intelligence is not hereditary in humans, yet wealth is. Amplifying this stupidity and backwardness is idiotic nonsense. We are nowhere near finishing the age of scientific discovery. There are many many chapters left until biology is a fully understood engineering corpus and our principal technology. Cowards of dystopianism are pathetic fools. I throw rocks.

The first people that stop holding back the bar will own the future. Fuckwits see reduction. A real leader sees the opportunity to add more. Do not lay off workers, do more. What someone had to spend to make a movie, now makes a franchise. Until that is reality, AI has done nothing. Laying off workers is easy and fools halfwit investors. Building more and leading with vision takes a real person with meritocratic validity.

I think everyone is forgetting about how destructive people can become when they have no other options left.

Yeah, but it’s kind of obvious. Given the huge investments, it can only be profitable if it makes equally massive efficiency improvements. I’m skeptical but also one of those trying to make it work.

But the thing is even without LLMs, automation keeps on increasing everywhere. We are approaching the end of livable general employment regardless, and LLMs might just make it more sudden. We really need to start providing better ways for people to live without employment

That's their goal.

How about we replace them? As they are useless and expendable, and we who produce all the value are not.

The entire promise of the AI investment bubble was: We'll get AGI. Probably superintelligence. And whoever achieves it first is going to be able to rule the world, because it goes exponential after that. And of course it's going to be a mega-corp dystopia. So their shares will take off like nothing before. So you want in as well.

Pretty sure that's why companies singlehandedly invested sums of money bigger than the GDP of entire small countries. Not because it was deemed a tool predicted to take charge of x amount of work for them and be worth that. It should be the calculation for someone who applies AI. But it's not really what the investment bubble is (or was) about.

I can't wait, for real, to be replaced by an AI, but not the real one, as in machine learning, but their type: an LLM. Writing code that does its job is "easy".

Diagnosing an issue? Yeah, I want to see nopilot read a PLC program and tell me why is it not working.

I'll wait.

On a side note, this asshole can't die soon enough.