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> It is a smart strategy on their part. No, it's a high risk gamble. If the market grows enough they will win the bet, but if the market doesn't or we get a r
by BunsanSpace 20d ago
> It is a smart strategy on their part.
No, it's a high risk gamble.
If the market grows enough they will win the bet, but if the market doesn't or we get a recession that dries up capital they will be holding the bag.
- bhouston 20d ago> No, it's a high risk gamble. Even in a recession I think the shift towards AI would just accelerate since it is usually cheaper than humans. The real risk I feel if what if AI is too successful and there is a lack of human demand because of dropping wages/employment? (Then I wonder if sentient robot demand will make up for it? Although I realize that veers into science fiction futures.)
- someguyiguess 20d agoI think it’s safe to venture into science fiction futures at this point. We have AI and government mass surveillance technology. We’re living in science fiction futures.
- Avicebron 20d ago> If the market grows enough they will win the bet So for this to become true there are some number of jobs that that pay $N salary are replaced completely by LLMs that do the job for $N-0.01? Is that what you mean by "market grows enough"
- s1artibartfast 20d agoWhat do you think the difference is. If you are making a quarter trillion in profit per year (where NVIDIA is tracking), you want to invest. What else should they be buying? US bonds, housing?