> how can arbitrageurs afford to stay in business Most arbitrageurs cannot stay in the business, it's the law of diminishing returns. Economies of scale eventu

> how can arbitrageurs afford to stay in business Most arbitrageurs cannot stay in the business, it's the law of diminishing returns. Economies of scale eventually prevent small individual players to profit from the market, only a few big-ass hedge funds can stay, because due to their investments they can get preference from exchanges (significantly lower / zero / negative fees, co-located hardware, etc.) which makes the operation reasonable to them. With enough money you can even build your own physical cables between exchanges to outperform the competitors in latency games. I'm a former arbitrageur, by the way :) Same with AI-generated content. You would have to be absolutely brilliant to compete with AI. Only a few select individuals would be "allowed" to enter the market. Not even sure that it has something to do with the quality of the content, maybe it's more about prestige. You see, there already are gazillions of decent human artists, but only a few of them are really popular. So the top-tier artists would probably remain human, because we need someone real to worship to. Their producers would surely use AI as a production tool, depicting it as a human work. But all the low-tier artists would be totally pushed out of the market. There will be simply no job for a session musician or a freelance designer.