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https://freedium.cfd/https://wlockett.medium.com/ai-will-destroy-everything-93ca8093fd44>
"If you take the tech bros seriously, we will all be suffering in a
Terminator-esque AI dystopia in just a few years because their AI models will
be so damn good. And why shouldn't we believe them? It isn't like they have a
huge vested interest in AI being perceived as an existential threat… Meanwhile,
back in the real world, AI poses a gargantuan threat to us all; it's just more
like 2008 and 1933 rather than some big Hollywood production. You see, AI
critics like myself have been comparing the AI bubble to the infamous dot-com
bubble of the late '00s, but we have been sorely wrong. It is far, far worse.
The dot-com crash will seem like a picnic in the park in comparison to what is
to come.
There is a good chance that many of you reading this weren't even born when the
dot-com bubble happened (my god, am I old!), so let's quickly recap.
The dot-com bubble occurred in the late 1990s because e-commerce suddenly
became viable. Vast swathes of the population had a personal computer and a
slow dial-up internet connection (which involved accessing the internet via
landline phone cables). At the time, capital was cheap too. So investors piled
money into internet businesses, hoping to scoop up large portions of the
market, as well as building infrastructure, such as much faster fibre optic
broadband networks. This drove the speculative values of businesses behind this
boom through the roof! But by the end of the year 2000, the bubble burst, these
businesses' valuations tanked, many went bankrupt, millions were laid off, the
economy was in tatters, and a recession ensued.
Why?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
