"They [big companies] were already laying off lots of people and hoarding around 100 billion in cash. This has nothing to do with AI. The elites have been at that for some time for who knows what reason. If anything, they didn't start spending money until the AI boom.
You could say AI is destroying jobs for a different reason. The leaders of the companies believe in gold rushes more than a steady stream of investments into forming and growing actual businesses. They didn't or don't believe America is worth investing in. They're simply about extraction."
I literally just said that on Reddit:
"They [big companies] were already laying off lots of people and hoarding around 100 billion in cash. This has nothing to do with AI. The elites have been at that for some time for who knows what reason. If anything, they didn't start spending money until the AI boom.
You could say AI is destroying jobs for a different reason. The leaders of the companies believe in gold rushes more than a steady stream of investments into forming and growing actual businesses. They didn't or don't believe America is worth investing in. They're simply about extraction."