> it's helping lots of people, but it's also costing an extraordinary amount of money

Is it fair to say that wall street is betting America's collective pensions on AI...

autoexec 5 hours ago | parent | next [-]

They're betting a lot more than that, but since all their chips are externalities they don't care.

HWR_14 7 hours ago | parent | prev [-]

Very few people have pensions anymore. People now direct their own retirement funds.

	▲	noddingham 7 hours ago \| parent [-]
		That's what he was saying. Wall Street (the stock market) are people's "pensions" now because everyone has a 401k or equivalent so their retirement is tied to the market. Thus, these companies are betting America's collective retirement on AI...