> AI had a real impact on certain daily activities, such as search, coding, etc.

You aren't addressing the issue at hand, the problem isn't a total lack of impact, it's the cost of that impact, both the actual and the opportunity cost of it.

Currently, the AI "revolution" is running on pure credit - as every other bubble - even the operating costs of the AI supply chain exceed its income and economic impact. Their capital expenses are orders of magnitude higher and constitute a severe drag on the rest of the economy.

There's no indication that anything would change in the future, more AI leads to less employment, less disposable income and less income for the AI providers - it's a race to the bottom.

If this isn't reversed, it will soon end in bank bailouts, more inflation and income degradation for those bellow the top tier.

I’m not sure how I’ll feel if it actually happens, but just even entertaining the idea of LLM companies getting bailed out makes me irrationally angry. Like, really? Gonna go for the hat trick here? Housing crisis and Covid stimulus didn’t fuck everyone over enough?

It’s not like I can even leave for greener pastures, there’s nowhere to go.