AI is a unique situation of corporate malpractice, see doomsaying from all AI CEO’s, at the same time as all the protections and safeguards in finance have been removed by those financial wizards in Washington.
It needs to take over markets, drive productivity, and deliver world changing returns otherwise the valuations don’t make any sense and the market flops. Of course the people making the big money now plan to exit at advantageous times. Leaving bag-holders, this has been witnessed with the SpaceX/AI float earlier this year, and nobody lifted a finger to stop our retirement savings being used to line the pockets of the Epstein class.
Yes, you’re correct in logic, wrong in context.
AI is a unique situation of corporate malpractice, see doomsaying from all AI CEO’s, at the same time as all the protections and safeguards in finance have been removed by those financial wizards in Washington.
It needs to take over markets, drive productivity, and deliver world changing returns otherwise the valuations don’t make any sense and the market flops. Of course the people making the big money now plan to exit at advantageous times. Leaving bag-holders, this has been witnessed with the SpaceX/AI float earlier this year, and nobody lifted a finger to stop our retirement savings being used to line the pockets of the Epstein class.
For better explanations see,
Cory Doctorow, Ed Zitron, and Patrick Boyle.