Unfortunately, as Keynes noted: “Markets can remain irrational longer than you can remain solvent”
And my god, they’re committed to irrationality right now.
Number 3 drives me hair-tearing insane, I have straight up seen AI cultists say AI will fix the power grid but only if we keep pouring resources into it so that it can fix all our problems. ಠ_ಠ
“I’ll finally have he strength to kick this heroin habit if I just do more heroin.”
I’m very confident that with carte blanche the electrical engineers already overseeing the grid could solve the problems it faces. We don’t need an ai miracle, we need to remove bureaucratic and funding obstacles for critical infrastructure.
And this is it: Many of those “AI will be so smart that it can solve these problems for us!” arguments refer to problems where having a “smart” enough solution isn’t the problem… Getting people to care/notice/participate/get out of the way is.
e/acc. The dumb MFs believe burning fossil fuels as fast as possible will lead to technological advancements to mitigate the problems. It’s all wishful thinking and convienant blind faith.
What trillion dollar problem is it solving? In the minds of investors, that “problem” is paying people for labor.
The trillion dollar problem is paying billions of pesky workers to work
I think that’s the obvious implication of this question, but you’re missing the implied question arising from that answer: is this a problem we want to solve in this way ?
Obvi
Okay, yes true. But have you considered that Big Number Go Up? Do you really want to miss the boat on this massive speculative opportunity?
If AI is a trillion dollar investment, what trillion dollar problem is it solving?
Why, the trillion dollars not yet in the pockets of the companies that think they can take advantage of AI of course.
The naked truth is that #4 answers #1. The biggest utility AI might provide would be replacing paid workers. That’s a trillion dollar problem if your ultimate goal is to hoard wealth and sit atop the highest pile of gold like a dragon.
So again, we have a solution to a problem only the wealthy elite have, being marketed as an advancement for the greater good of society, to justify stealing the massive resources it consumes, in order to not have to pay that directly to their workers.
Capitalism.
And this absolutely will not change the course of AI investment whatsoever because it still driving a huge amount of profit.
The only thing that will finally change the course of AI investment is when the bubble finally burst which will cause the collapse of our economy because, by that point, so much money will have been invested in it. There will be no other possible result.
And why? Because these assholes only care about one thing: short term results at any cost.
“profit” is gonna need some qualifiers there.
Firing the staff & reporting “earnings”? Goosed stock price on the above + hypey garbage? Enforced “features” no one wants? AI hardware makers? Okay, that one’s legit, but ironically not AI.
The AI makes the art. The art is made into an NFT. The NFT goes on the blockchain. We all get rich. Climate is saved. End of story. How are people not getting this??? 😂😭
Yeah this is basically Metaverse or NFTs but with a slightly more plausible use case so that it will drag out far longer before corporations quietly pretend it never happened.
The tech itself is decent. But as always, profit above anything else, so we can’t have anything nice.
So instead, it will be wasted and forgotten.
