5 hours ago
- AI is not exceptionally good or bad as a technology, but the investment bubble around it is extraordinary and dangerous.
- The AI bubble involves over $1.4 trillion in investments, often replacing workers with defective chatbots and harming the environment via data centers.
- Billionaires may invest in AI due to solipsism or a belief that others will fall for the hype, not because AI actually works.
- Investors cynically bet that bosses will fire workers and adopt AI, even if ineffective, because bosses hate negotiating with knowledgeable employees.
- When the AI bubble bursts, it will cause economic collapse, austerity, fascist recruitment, loss of skilled labor, and catastrophic carbon emissions.