21–30 of 193 posts
While it's all true, I think it's exciting that there's a country that's not afraid of betting when all the signs point to AI being accerelated. USA already bet on software when it let China overtake manufacturing. Now the only worse thing to betting on AI would be slowing it down inside USA.
We'll know next year if it's not the right move. If we get another wave of incremental upgrades at best then AI will clearly be in a bubble and it's time to look for the exits. If we keep getting major advances then any country _not_ going all in on AI will be left behind.
Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.
But those big companies going out of business won't be how the bubble pops. It'll be the 95% of projects / startups that don't have any ROI.
We'll know next year if it's not the right move. If we get another wave of incremental upgrades at best then AI will clearly be in a bubble and it's time to look for the exits. If we keep getting major advances then any country _not_ going all in on AI will be left behind.
While it's all true, I think it's exciting that there's a country that's not afraid of betting when all the signs point to AI being accerelated. USA already bet on software when it let China overtake manufacturing. Now the only worse thing to betting on AI would be slowing it down inside USA.
Feels like a feedback loop. It's exciting that we're all in on AI because we're all in on AI!
Sloppy opinion piece. Stock market increases are bad because it makes rich people happy, but select US sectors are lagging behind Europe which is somehow also bad. Low immigration resulting in a labor force squeeze is bad, but this is offset by reduced demand because of AI, which is, you guessed it, also bad lol
If you remove AI then what is left?
Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.
Your argument appears to be that the stock market won't drop because stocks are held by members of the public whose opinions are controlled by technology? Or... that robots are holding the stock?
It doesn't have the rhetorical punch, but my boring traditional economics opinion is that it's probably a bubble because realized profit from these overvalued stocks is too far out in the future to buffer the inevitable liquidity shocks inherent in modern economies. Eventually someone will come up short and have to dump, and we'll get a feedback loop.
But admittedly robots are more fun.
Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.
What if the power gained by AI models is less than expected?
While it's all true, I think it's exciting that there's a country that's not afraid of betting when all the signs point to AI being accerelated. USA already bet on software when it let China overtake manufacturing. Now the only worse thing to betting on AI would be slowing it down inside USA.
> all the signs point to AI being accerelated Feels like a feedback loop. It's exciting that we're all in on AI because we're all in on AI!