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82 sats \ 6 replies \ @optimism 7h \ on: What's the first thing you think of when hearing "AI's impact on the economy"? AI
Neither. I think about whether there's going to be collapse or bailouts.
oh you know it
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I'm for real torn. I kind of agree with @Cje95 that to date, all actions taken seem to point towards stimulus, not bailout. I cannot imagine the political will to bail out any of the AI companies if they were to mess up after all the benefits already had - and if Goog/BCM are successful in deploying their TPUs outside of the "safety" of Google's environment, not even Nvidia.
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They're gonna argue it's for national security, it'll protect the economy, all the standard arguments. Every crisis since 2008 has been monetized, I don't see why this would be any different, especially with the breathless world-ending narratives that AI companies have been pushing out.
Political will of the people doesn't even matter.
Is that only the first thought or your general position?
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Good question.
First thought, but I'd guess also general position when I would randomly hear it today. This is mostly because whenever I hear
AI, people most often are talking about the US proprietary stuff that all those politicians are trying to be friends with. With the exception of Google because they own the entire chain, and xAI because you should never bet against Elon, I see some heavy hype in that segment of AI, so this is what I immediately think of when someone utters that combination of words.However, if we would be talking about the whole range of AI, especially the flavors that come without overlords and shady marketing, I'm actually bullish, and I would be leaning towards abundance, but not really of consumer products, but possibilities.
A year ago, the latter would be my first thought, but the utter nonsense put out by the commercial parties influenced my feelings about the whole.
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