Comment by dogcomplex
Comment by dogcomplex 2 days ago
Of course many people are going to collectively lose trillions, AI's a very highly hyped industry with people racing into it without an intellectual edge and any temporary achievement by any one company will be quickly replicated and undercut by another using the same tools. Economic success of the individuals swarming on a new technology is not a guarantee whatsoever, nor is it an indicator of the impact of the technology.
Just like the dotcom bubble, AI is gonna hit, make a few companies stinking rich, and make the vast majority (of both AI-chasing and legacy) companies bankrupt. And it's gonna rewire the way everything else operates too.
>it's gonna rewire the way everything else operates too.
This is the part that I think a lot of very tech literate people don't seem to get. I see people all the time essentially saying 'AI is just autocomplete' or pointing out that some vaporware ai company is a scam so surely everyone is.
A lot of it is scams and flash in the pan. But a few of them are going to transform our lives in ways we probably don't even anticipate yet, for good and bad.