It’s a longer read, and the tangent on copyright while interesting and something Cory is passionate about is slightly off topic, but it’s the rare piece bringing up the key issue with AI. The argument goes like:
- The valuations are only reasonable if they are going to enable mass worker replacement. Yes there is the machine god argument, Wall Street doesn’t buy that.
- The tooling doesn’t have to be capable of replacing workers. The sales people just have to be able to convince execs it is.
- Even ignoring to fact that lots of people would lose their jobs this replacement would make everything worse because AI isn’t capable of replacing jobs.
- The bubble is based on the assumption everything will get better.
- We need to convince people things will get worse before they actually do.
These tools aren’t useless. They are remarkable. But that doesn’t mean they will meet the hype nor the valuations. In order to avoid an economic cataclysm it’s important for a realistic and measured narrative to take hold fast.
Is it that bad in US? I mean how many people companies have to fire to notice that great promise of AI just making money for shareholders is not happening?
If people in suits are so out of touch in reality to do that, instead of... I do not know A/B testing: fire all employees in one division and prohibit using of AI in the second one to see what will happen, maybe it will be good actually that US will came through economic crisis? Maybe it will became stronger? And if not maybe somebody more reasonable will take a reign? I just hope it won't be China though :)
- The valuations are only reasonable if they are going to enable mass worker replacement. Yes there is the machine god argument, Wall Street doesn’t buy that.
- The tooling doesn’t have to be capable of replacing workers. The sales people just have to be able to convince execs it is.
- Even ignoring to fact that lots of people would lose their jobs this replacement would make everything worse because AI isn’t capable of replacing jobs.
- The bubble is based on the assumption everything will get better.
- We need to convince people things will get worse before they actually do.
These tools aren’t useless. They are remarkable. But that doesn’t mean they will meet the hype nor the valuations. In order to avoid an economic cataclysm it’s important for a realistic and measured narrative to take hold fast.