These bonzos want the world economy to collapse so there will be massive layoffs, allowing them to offer AI bots to companies and governments to replace human workers.
allowing them to offer AI bots to companies and governments to replace human workers
If that’s what he expects will happen then he is out of touch with AI and its capabilities. AI nowhere near being capable of completely replacing humans.
In fact the main reason for the AI bubble is because billions have been dumped into it expecting it will be capable of replacing humans, but all it’s really good at is making AI slop.
The only jobs it has kind of started replacing, but not really - more like transforming them - are software engineer jobs.
When the economy collapses, it will affect ALL businesses, and all kind of people will lose jobs, from software engineers to teachers to analysts. And none of those jobs can be fully replaced by AI, or it would have happened already.
Bezos is a fucking clown.
To rich people, you are the weak. Remember that. This is genocide
It is a class war for now… We are headed for a genocide.
All that tech is being tested in gaza
The wealth disparity is genocide and has been ongoing for decades. It doesn’t need to be men with guns or blades to be a genocide.
The wealth disparity is genocide and has been ongoing for decades.
Since agriculture was invented if you are going to like that about it.
Poors suffer so that better people live their best lives.
The rich ascended so far up that they no longer fear the mob
Except that it won’t eliminate anyone because they will all get a federal bailout.
Are you talking about the AI / big tech companies? No they won’t.
I imagine they’re referencing the 2008 precedence, although that was banks. But these tech companies are now ‘worth more’ than the banks so they may be considered ‘too big to fail’. Wiki entry for 2008 bailout: Bailout Link
My fellow traveler in Christ, the feds have already invested 8.9 billion to keep Intel from suffocating to death in its own farts
Intel actually makes stuff that gets used. OpenAI just spends billions upon billions of dollars for a solution in search of a problem to solve. It has to be shoved into everyone’s faces because someone has to start needing it, but no-one really does. The total revenue of all generative AI is the size of - brace yourself - the smartwatch market.
Okay? And your point is
You say Big Tech isn’t going to get bailed out during this AI bubble, they already are!
I’m saying that companies whose sole focus is generative AI will not be bailed out by the US government.
That’s not what you said at all buddy
Of course they fucking will
It will eliminate the weak meaning the companies in actual competitive markets, so monopolists like Amazon can buy them up and monopolize even more markets.
Yep. Trillion dollar companies are so huge that a deep recession only mildly impacts revenue.
Yeah, that’s why they do the whole greedflation thing, to make central banks raise rates, causing a slew of bankruptcies among the competition, making them ripe for a buyout.
The fact that it also destroys labour negotiating positions is a cherry on top.
Uh won’t this have the opposite effect? I can see an article like this in the near future:
“Companies marketing AI replacements for workers flounder after mass layoffs result in increasingly cheap, plentiful labor pool”
These bonzos want the world economy to collapse so there will be massive layoffs, allowing them to offer AI bots to companies and governments to replace human workers.
Correct me if I’m wrong, but Amazon didn’t go the AI route that far. They are a marketplace for AI-gen products, they added summaries to their storefronts, but there is that as far as I know. What Bezos probably wants - is to see newer weirdos like Altman, maybe Musk to get choked, so he becomes the uncontested capitalist #1.
bezos is at odds with ketamine musk, he wants to be the only space company.
Amazon Web Services (AWS) is the biggest provider of compute resources and servers in the world. They have huge data centres full of servers and Nvidia GPUs that they rent out to AI companies. Almost every fortune 500 spends millions of billions on aws services a year and a lot of smaller companies spend 6-7 figures too.
Amazon invested billions in anthropic who incidentally use their GPUs and sell access to their models via AWS too.
They certainly have skin in the game when it comes to LLMs/GenAI.
And for every Amazon there will be hundreds of 800.com’s
https://www.computerworld.com/article/1364563/electronics-retailer-800-com-shuts-down.html
Translation: I have enough money to weather this self-inflicted disaster. Do you?
He wants to buy everything remotely competition at scrap-bottom prices
I genuinely believe that this is why they crash the economy every now and then. We’ve had at least 4 economic catastrophes in the last 30 years…and they were all predictable and preventable.
But somehow, none of these very wealthy and successful people, were able to see the inevitable consequences of their own actions? Yeah. No. Not buying it.
Their wealth grows nearly exponentially each time. What a crazy coincidence huh?
It’s a feature…not a bug.
Or at least six months’ worth of rice, beans, sugar, spices, bottled water and other barterable items. Maybe candles and those butane cans for portable gas cooktops.
He doesn’t care, aws is well placed to boom whatever happens
…the universe does not reward the strong any more than it does the weak…
I can’t wait for the purge of the billionaire class.
Said the man, unaware of how easily AI could replace his role…
I Sometimes wonder why we actually listen to them at all?
Dude could turn it all around if he started preserving the environment somewhat…
And slow down the explosive growth of those numbers of his? Not on all of our lives
