3 ms·
This is a double edged sword. While not being anything like crypto as it will have a real world impact almost immediately the important thing to understand and
by Sparkyte 3y ago
This is a double edged sword. While not being anything like crypto as it will have a real world impact almost immediately the important thing to understand and recognize is that AI is imperfect as it is formed from imperfect data as humans are imperfect. However this does mean that AI can for a lack of better judgement replace a lot of imperfect work.
The problem with this replacement is that it rips out a financial ecosystem a heavily interpersonal society depends on in the form of classes. Businesses can not make money without losing money and definitely can not continue to make more money without money to be made. It has almost like a hydrological diagram where instead it is money. The problem is that without a circular flow of income within a currency we experience what we call stagnation which will cause hyper inflation , money printed to meet demand and the depreciated value of a currency and increase in the cost of goods.There was a particularly good reason for having income tax brackets up to 70%.
AI needs laws and regulation. It will like keep progressing and ripping out key stones in the foundation of our economy. Less people working eventually means less profits for all businesses and industry.