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I don't think the concern is that an AGI would become a central planner, but that an AGI would be so much better than human investors that the entire VC class w
by brendoelfrendo 2y ago
I don't think the concern is that an AGI would become a central planner, but that an AGI would be so much better than human investors that the entire VC class would be outclassed, and that the free market would shift towards using AGI to make investment/capital allocation decisions. Which, of course, runs the risk of turning the whole system into a paperclip optimizing machine that consumes the planet in pursuit of profit; but the VC class seems to desire that anyway, so I don't think we can assume that a free market would consider that a bad outcome.
- shermantanktop 2y agoThat VC class appears to really enjoy the frisson of bullshit, elaborate games of guess-what’s-behind-the-curtain, and status posturing. Remove that hedonistic factor and the optimization is likely to be much more effective.
- nonameiguess 2y agoA fair amount of evidence has existed for at least 50 years that a chimpanzee throwing darts at a wall can outperform most active fund managers, yet this has done nothing to reduce their compensation or power.