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How the AI Crash Happens
- HPMOR 1y agohttps://archive.is/rtw0K https://archive.is/rtw0K
- symbolicAGI 1y agoA US stock market blow off top is consistent with both the NASDAQ weekly chart pattern and the current dismal macroeconomic environment, e.g. layoffs.
- ghtbircshotbe 1y agoThe coauthors Charlie Warzel and Matteo Wong are more cultural critics than finance or tech experts.
- keernan 1y agotldr; If there is an AI failure, the rest of us lose when the economy crashes. If AGI is achieved, the rest of us lose when we all lose our jobs.
- johng 1y agoPretty much how I feel as well. In other words, nothing good can come of this. It has me legitimately scared.... I wonder if I should get out of the stock market completely.
- littlexsparkee 1y agoin the former you'd want to get out but in the latter capital is the only way to capture the gains from technological change so exiting could be the wrong course of action
- rbanffy 1y agoI’m sure the AI CEOs will be fine.
- GPerson 1y agoWould it crash if AI advances in a way which makes massive compute unnecessary? That’s an interesting possibility I wonder about.