this post was submitted on 24 Feb 2025
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The money in AI is going to be the wages of the people it replaces. Those tech billionaires call it a revolution because getting labor without wages is the promised land for cunt billionaires.
The AI revolution is here because that's what the owners want. If you think they'll wait until the AI is as good as humans to replace humans I'll point out that self-checkout already exists.
Thing is, it doesn't replace workers. And it won't for the foreseeable future. Even Microsoft itself had to admit that their studies show AI assisted coding to be bad and making developers worse.
There is hardly any market where these systems can reasonably compete with exploited humans. It's just that the tech bros have nothing left to invest in. The same idiots that pushed crypto, NFTs and the Metaverse are now pushing for AI. There is hardly any innovation anymore, so the only ways to make line go up are rent seeking and investing in bubbles in the desperate attempt, that something might stick.
It seems like we have a problem where there's too much money at the top of society that's trying to chase returns that can't exist because there's enough money at the bottom to buy products, so it just gets invested in bad ways. This will probably continue until they waste enough for their own money on bullshit that they no longer have it
You're right in your analysis, but the prediction is wrong, I'm afraid.
The next "big thing" is taking over the government. See Musk and his gang. He's not alone and the US isn't the only country this is happening in. Corporations inject themselves into each and every transaction, every aspect of life and politics. That way they have essentially infinite money at their hands.
Eventually the only way rich people can get richer is by stealing from other rich people because the economy is so heavily weighted toward the rich that there's just no money to extract from the poor. I think that's related to what we're seeing here .. And probably everywhere else as well.