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Are you really surprised though? The crypto hype was a vehicle for VC backed companies to sell unregulated financial products to retail investors. The "gig ec
by hnbad 4y ago
Are you really surprised though?
The crypto hype was a vehicle for VC backed companies to sell unregulated financial products to retail investors.
The "gig economy" was a vehicle for VC backed companies to skirt labor protections and zoning laws.
And now AI is a vehicle for VC backed companies to skirt copyright laws.
"Disruption" is often just about finding edge cases of existing laws and regulations and exploiting them for profit until legislation catches up.
- rvz 4y ago> Are you really surprised though? Hardly. It is no different to my observations years ago. [0] [1] [0] https://news.ycombinator.com/item?id=21738233 https://news.ycombinator.com/item?id=21738233 [1] https://news.ycombinator.com/item?id=27493369 https://news.ycombinator.com/item?id=27493369 Just like the clamping down of cryptocurrency markets and enforcement of regulations, a similar set of rules and regulations will be set for AI companies for complying with existing copyright laws. The VCs know it is a scam and they are also smart enough to know that this won't go unchecked forever and they will have to unload their investment at the peak of the hype cycle.