@cstross open source ai is going to steal their business model - it will be a defenestration #leave nothing for sancho

@cstross The crash is coming, but they’ll be able to keep borrowing for a while.

Stock prices will keep going up too, because at the very top inflation from over-borrowing shows up in asset prices faster than it does in commodities.

As such, we actually have a tendency of cheering for high inflation while it works for the rich. But by the same rules, eventually the bottom falls out when it hits the general population.

I’m sure on the previous day S&P500 will hit a record!

@cstross Interesting that story is actually a month old. Still rare then to see other voices saying what @Zitron has for months and months now.

@cstross Gary Markus is also seeing the end, at some point someone is going to blink, just don't know when.
https://garymarcus.substack.com/p/if-enough-other-companies-report

@cstross

AI was never intended to be a revenue generator.

It was designed to burn fossil fuel wastefully, same as cryptocurrency.

It was intended to replace the election meddling capabilities of the Russian Internet Research Agency.

It was intended to automate hate mongering "divide & conquer" narratives for billionaire propaganda.

Primarily it was intended to launder the looted national treasuries of petrostate despots via American fascist tech oligarchs.

https://www.bloomberg.com/news/articles/2018-04-06/google-thiel-stand-out-in-saudi-prince-s-silicon-valley-tour

@cstross And remember everyone - when they call and ask if you want your job back, you should be asking for a minimum of 25% more…. 50% if you think you can get it.

@cstross meanwhile, my employer is no longer talking about blockchain and NFTs (to promote environmental awareness!) and is now keen on AI and quantum. It did have a brief fling with 3D ages ago.

@cstross Alas, there's a paywall

@cstross Hopefully all those people losing their jobs now because AI is taking their job will get hired back. Hope this bursts before they build the ones around me where they will suck our source of drinking water dry in less than 10 yrs.

@cstross My longstanding suspicion is that there are two primary camps driving the Ai car towards the inevitable cliff.

In the passenger seat are the people deeply in Ai psychosis. Their brains are fully cooked, and they genuinely believe this will all lead to some amazing new future.

But in the driver seat, there are the people who know this isn't an economically viable product, who know that the money never made sense, and who know they will get bailed out with taxpayer (read:our) money.

@cstross

I'm guessing that the bubble will pop in 12 to 18 months.

I can see them generating this level revenue.

I wonder whatbthats going to look like for the rest of the economy? 🥺