The people loudly departing the biggest AI companies aren't necessarily looking for fatter paychecks or more stock options; they’re worried that AI businesses are putting profits over sanity and safety.
It’s only self correcting if the powers that be are losing money, which they aren’t because they are either liquidating important assets to pad their pockets or just using economic magic to make trillions appear out of no where. They’ll only feel it when their company or the economy collapses, and at that point they make off with their ill gotten gains
It’s only self correcting if the powers that be are losing money, which they aren’t because they are either liquidating important assets to pad their pockets or just using economic magic to make trillions appear out of no where. They’ll only feel it when their company or the economy collapses, and at that point they make off with their ill gotten gains
Where’s this infinite well of investment money coming from? “Economic magic” is pretty vague.
Have you not heard of inflation? It is literally the creation of new monies that the government gives to banks to give loans.
that’s… not at all what inflation means… it is 1 of many causes of inflation
and the government doesn’t “give” it to banks
the reality is far more complex in both cases, even if sometimes the simplified version of things looks like that