Society as a whole, or one percenters like him?
Bezos is a 0.0001-percenter. Most of people on HN are probably in the top 1% to 5%. You're in the top 10% in the US if you make $170k/yr.
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Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
311–320 of 668 posts
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#312Earlier quoted context omitted.
Which of those did the Internet benefit?
Would you rather be a 22 year old starting in life in 2025 or 1995? Unless you pick one of the few countries that underwent a drastic change of regime in that time, the answer’s pretty clear to me.
1995 (and I was 22 in 1995)
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#313Earlier quoted context omitted.
Uber didn't invent anything, they drove taxis out of business then jacked up the prices, squeezed the workers, and now everybody is riding around in regular people's crappy cars for more than a cab cost. And now I need a phone and to maintain my relationship with these two crappy companies rather than to wave at the street (which is what I used to do to get a ride.) That was literally what everybody said would happen…
Uber is way cheaper and better than any cab ever was.
Is that still true?
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#314Earlier quoted context omitted.
Okay, but why would we die on the vine? Wouldn’t we just… make a parallel economy without the AGI? The world works today without AGI.
Or use any of the wonders of military technology invented in the last 200 years to take back society. These fuckers have lived in prosperity for so long that they don't even think it is possible. But so many people throughout history thought they were untouchable until the masses decided they had enough of their shit. Kings with professional armies, full plate knights, men with cannons, mens with guns, machine guns,…
When unrest happens the military sides with the ones that give better hopes of keeping the stream of money that funds the army flowing.
It sides with the poor only if the powerful (gov) are hopelessly inept at gathering money. If there's a chance that current civilian power can reform and keep collecting the money from the people and funding the army then the army sides with them and help quell the rebellion.
Those who hold kinetic power will never side with poor against the rich.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#315Earlier quoted context omitted.
Thought experiment - Startrek replicators are real. This basically means almost everything can be built without human involvement. The guy who owns the replicators is the richest. The wealth gap is so massive you get revolts (because we're educated, not serfs, right?) So then government needs to step in. Either tax->ubi?, socialize it, or make it a state asset? Regardless, that's the goal of AGI/robotics/etc.
Ultimately labour goes and works on something else instead. And the availability of free labour makes that possible. New industries and markets develop as a result. But a huge number of people will be left behind. But people will focus on things that were a lower priority before.
I have bad news for you, we've run out of sectors to pretend labor could be funneled towards. Manufacturing and agriculture are highly automated, service industry is full tf up, and nobody can afford more construction.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#316Earlier quoted context omitted.
Economies can work without currencies. It's a little inconvenient, but bartering/trading goods for services was common in the depression when nobody had any cash.
Interestingly, new ad-hoc currencies pop up all over in times like that: https://www.armstrongeconomics.com/history/europes-economic-... https://collectingpapermoney.spmc.org/wiki/Scrip_Issued_duri...
Printing money is lucrative for the printer so any time it might get even a little bit useful and feasible for other parties somebody will start printing.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#317Earlier quoted context omitted.
Is the average person actually better off after the late 90’s internet is probably a harder question than it might seem. The long tail may be closer to what I want, but the quality is also generally lower. YouTube just doesn’t support a team of talented writers, Amazon is mostly filled with junk, etc. Social media and gig work is a mixed bag. Junk e-mail etc may not be a big deal, but those kinds of downsides do erod…
The political instability that came with social media isn't great, either.
I think in the near term social media can actually have a stabilising effect just because of how much it paralyzes people. It takes emotion and redirects it into something with little real world effect. Whilst most actual power is exercised offline. This sometimes breaks down and the crazy escapes from the internet and reeks havoc. But mostly the geriatrics are left alone to pull the levers of power in relative peace.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#318Earlier quoted context omitted.
Which of those did the Internet benefit?
Would you rather be a 22 year old starting in life in 2025 or 1995? Unless you pick one of the few countries that underwent a drastic change of regime in that time, the answer’s pretty clear to me.
Ib the US, 1995 by far!!!
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#319Every bubble looks obvious in hindsight. The dot-com crash left behind Amazon and Google. The crypto crash left behind Coinbase and a few real revenue generating companies. If this is the AI bubble, then the survivors are going to look very obvious in a decade, we just don’t know which ones yet.
> The crypto crash left behind Coinbase and a few real revenue generating companies. A lot of us clocked the crypto bullshit waaaay before the crash.
Crypto isn't bullshit well most of it is but the utility is still used by millions of people around the world, specifically USDT and USDC which they proven a good way to move your assets without too much regulations.
Re: Jeff Bezos says AI is in a bubble but society will get 'gigantic' benefits
#320Yesterday, I asked an LLM to create a browser plugin and it got 98% correct in its first try.