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Interesting fact. Bryan Caplan is a economist who became famous for making bets on the future. He would take the "nothing ever happens" side of the bet, and h
by 0xDEAFBEAD 3mo ago
Interesting fact. Bryan Caplan is a economist who became famous for making bets on the future. He would take the "nothing ever happens" side of the bet, and he would almost always win. In 2023 he took the "nothing ever happens" side of an AI bet. Just 6 months later, he wrote:
"When the answers change, I change my mind [...] Base rates have clearly failed me. I’m not conceding the bet, because I still think there’s a 10-15% chance I win via luck... make no mistake, this software truly is the exception that proves the rule."
https://www.betonit.ai/p/gpt-retakes-my-midterm-and-gets-an https://www.betonit.ai/p/gpt-retakes-my-midterm-and-gets-an
At this point, straightforward trend extrapolation suggests that AI continues to get better and better. Arguably, continued rapid AI progress is the "nothing ever happens" bet at this point. If AI progress stops, or slows dramatically, something will have happened.
- watwut 3mo agoStraightforward trend extrapolation suggests that AI will consume more resources that galaxy even has. Meanwhile, believing the claims of the AI companies, 40% of people will be forever unemployable permanent underclass with no future for themselves nor for their children. And all the gains being centered on the very top 0.01%.