The AI automation arms race layoff trap:
1 Competitive pressure pushes firms to automate using AI more than needed for market
2 Now jobless workers can't buy products/services, harming both labor & ...
@nprofile1q... this makes a big assumption, namely that consumers are still needed.
If you look at the IOU circlejerk in AI right now, it's clear as day that capitalism has transcended consumer capitalism.
I think that's infinitely more scary.
If you look at the IOU circlejerk in AI right now, it's clear as day that capitalism has transcended consumer capitalism.
I think that's infinitely more scary.
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