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symbolicAGI
A US stock market blow off top is consistent with both the NASDAQ weekly chart pattern and the current dismal macroeconomic environment, e.g. layoffs.
ghtbircshotbe
The coauthors Charlie Warzel and Matteo Wong are more cultural critics than finance or tech experts.
keernan
tldr; If there is an AI failure, the rest of us lose when the economy crashes. If AGI is achieved, the rest of us lose when we all lose our jobs.
johng
Pretty much how I feel as well. In other words, nothing good can come of this. It has me legitimately scared.... I wonder if I should get out of the stock market completely.
littlexsparkee
in the former you'd want to get out but in the latter capital is the only way to capture the gains from technological change so exiting could be the wrong course of action
rbanffy
I’m sure the AI CEOs will be fine.
GPerson
Would it crash if AI advances in a way which makes massive compute unnecessary? That’s an interesting possibility I wonder about.