It’s a bubble. “AI” could be quite successful at this point, and the economics still don’t work out.

hackernud3s 32 minutes ago | parent | next [-]

Parts of it can be a bubble while other parts are not. The need for datacenters can be real while the valuation of model providers can be a fantasy.

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ikiris 2 hours ago | parent | prev | next [-]

The economics work out just fine. Their actual target business model is replace every knowledge worker. Their thought process is "look at all these people making 150k+, we can do their jobs for 10% of that, think how much money that would be if we had all of it"

Sure, the next step is complete regression to feudalism, but they aren't thinking that far ahead, they just want to take every job in existence that isn't physically turning a proverbial wrench.

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rylando 5 minutes ago | parent | next [-]

It’s wild to me that anyone can have that thought and yet not think about what happens to everyone whose job you took. Especially in a country with citizens known for owning guns.

Especially after seeing what the “learn to code” movement has brought people into, I can’t imagine those people will just roll over and peacefully enter homeless encampments..

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autoexec an hour ago | parent | prev [-]

the moment AI is capable enough to replace every knowledge worker and all knowledge workers are fired and/or dead the AI companies will just hike up the price for access to their bots until every company is paying at least as much if not more than what they were on human workers.

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Gigachad an hour ago | parent [-]

What even is the economy after they have killed all the workers and it's just bots clicking on each others ads?

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greatquux an hour ago | parent [-]

Once the economics work out, the economy as a whole doesn't, therefore the economics DOESN'T WORK OUT.

	▲	ikiris 18 minutes ago \| parent [-]
		I think you're making an assumption that the owners of this capital aren't: "That the economy has to work out for everyone."

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vagrantJin 2 hours ago | parent | prev [-]

well, according to finance bros, shovelling cash into a furnace to power a boiler to steam some eggs is considered a wild success. Economics is for normies.