Suddenly I am seeing so many people posting about "AI bubble" again, I guess after talking with their families on the holidays.
It's not a bubble. It's a total transformation of the economy and the society. Money and property you accumulate before this transformation becomes valueless after. Some economist said it will be a massive "AI driven deflation" but they don't see the forest for the trees. Money becomes both priceless and worthless. It won't be needed for anything, and no amount of work is enough to earn any.
AI is not for making money. Money is for making AI.
People are stuck in their pre-transformation mentality and so make incorrect choices at the pivotal time where correct choices matter the most in the history of humanity.
@tero as with any invention so far, we can rest assured that rather than increase leisure time and the need for an income, it will instead increase poverty and exploitation except for the top of society.
Whatever the technical merits of AI, I see no good outcome for society as a whole judging from past history.
AI is being driven and financed by a very small group of billionaires, who have a vested interest in the direction of the development of this technology and the uses it is put to. They are indifferent to the needs of society as a whole.
These billionaires have the resources to shape the political and media landscape to their bidding.
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