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One doesn’t exclude another - stock market will crush even harder if AI will bee too smart - high unemployment will cause demand drop across the board so AI c
by citrin_ru 8mo ago
One doesn’t exclude another - stock market will crush even harder if AI will bee too smart - high unemployment will cause demand drop across the board so AI companies will loose most paying customers and will have no chances to recoup investments (even if the chain is long, economy as a whole depends on people paying for goods and services).
- aurareturn 8mo agoAI becomes so good that it renders mass unemployment won't crash the stock market. The stock market does not care if everyone is employed. It only cares if the companies are making more profit.
- citrin_ru 8mo agoAnd there will no profit because there will be no customers.
- bigbadfeline 8mo agoSome people are surprised to hear that, apparently for them profit is something that grows on trees, or somewhere... It's amusing to read their starry-eyed projections although I'm pretty sure the naked truth is quite ugly.
- aurareturn 8mo agoProfit doesn’t care about unemployment, unfortunately.