AI is a generational attack on working people everywhere by the capitalized class.
It has earned our animosity, especially if the attack looks like it will actually go through.
And, ironically, I don't think the capitalized even understand that they are building a giant guillotine for themselves, as if the buildout billions are well-spent, there would necessarily be a communist revolution, and it would be bloody. No one eats safely around the starving.
Without a horse in this race, I'm fascinated to see which the market chooses: machine-god + self-annihilation, or humiliation + bankruptcy.
Either way, there is nothing like the present configuration on the other side. Its a political, not technological, singularity.
It wouldn't do much more than drive down their stock prices. If you really want to pop the AI bubble, everyone would have to stop spending on AI-related subscriptions. The equity these companies already raised is done, that money has changed hands..the real lever is the debt that is/was used to fund them now. If the interest on that debt can't be paid, and/or the principal returned at maturity, and/or various debt covenants are broken...that's how this really ends. The first step for a company to be able to solve the first two problems, and avoid the last one, is revenue..without it, every below it goes unpaid.
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[ 7.7 ms ] story [ 228 ms ] thread> sell our AI stocks... and pop the AI bubble
Not sure it works that way, unfortunately. e.g. index funds
It has earned our animosity, especially if the attack looks like it will actually go through.
And, ironically, I don't think the capitalized even understand that they are building a giant guillotine for themselves, as if the buildout billions are well-spent, there would necessarily be a communist revolution, and it would be bloody. No one eats safely around the starving.
Without a horse in this race, I'm fascinated to see which the market chooses: machine-god + self-annihilation, or humiliation + bankruptcy.
Either way, there is nothing like the present configuration on the other side. Its a political, not technological, singularity.