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Matt Levine has put this forward in his newsletter - if you're moderately influential you can go on TV and tell people that "X industry will be dead in 10 years
by jrjeksjd8d 8mo ago
Matt Levine has put this forward in his newsletter - if you're moderately influential you can go on TV and tell people that "X industry will be dead in 10 years" because of AI and then profit from the inevitable stock dip.
Because we live in the worst possible timeline the end result for AI companies does seem to be "too big to fail", where these massive investments will get foisted on working class people via a bailout or an IPO and index inclusion.
- Esophagus4 8mo agoHis newsletter (and podcast) are fantastic.
- deleted 8mo ago[deleted]
- sequin 8mo agoI doubt talking heads on the TV can move markets.
- WheatMillington 8mo agoI don't see why any AI company would ever be "too big to fail". I can't see why any government would be motivated to take the political hit of bailing them out.
- directevolve 8mo agoWhat if the president of the nation happens to hold stock in these companies?
- url00 8mo agoOnce the bureaucracy is automated, there will be no "reasonable" choice.
- techblueberry 8mo agoWhat if the head of that government was a lame duck president, and those AI companies personally funded his next yacht.