Think all our debts will be wiped out? Or just our assets…I wonder.
Oh shut the hell up already
Why stock up? Buy shorts!
Eh, us poors will just eat the rich.
Over god sake this again.
They wouldn’t do it if it was going to actually destroy the world. Even trillionaires need to live in the world unless they seriously think they’re gonna build Elysium.
They think that can buy their way out of the consequences, and they are right. Economic crashes will not functionally hurt those people and they won’t be affected by climate change other then having to buy a different set of houses. Also a couple of them are trying to build Elysium.
The people working on AI are definitely not going to be millionaires. I’m talking about the so called scientists, who claim to believe they are working on The Manhattan Project 2.0: Armageddon, yet still apparently stay.
So what’s the story here they go home at the end of the day to their family and say today with a good day I think the world will be destroyed by the end of 2027 but hey ho, at least I’ve got a pay rise, just need to make sure to spend it before next August.
Give me a break. Anyone who is actually working on a project that they thought was going to destroy the world would stop working on it.
You clearly have no idea how much ai engineers are paid, and even less of an idea how their stock options are priced.
What are you talking about. The engineers the ground level folk that a developing this stuff yes they’re paid highly but they’re not millionaires by any stretch in the imagination. Building a system that will crash the entire economic system of the Earth is not beneficial to them.
The main engineers buildings this stuff are millionaires. They’ve been making probably $400k on the low end and we know of salaries over a million on the high end.
Still not enough to survive an actual world collapse though.
At a 2tr$ targeted valuation (yes that number is silly but it’s also the IPO target) 1$mil is only a .05% equity stake and engineers usually get .1-.2%
Ai doomerism
Show me a single source that has any proof of AI being economically viable.
Did I ever say that I was in support of AI?
Did I say you were? You did say that it was “doomerism”. Meaning that you believe this article is false. Hence, my question. Do I need to ask again?
Stocking up on stocks?
Calories, energy, and ammo.
I have 4 cans of beans. Im ready
I have 20 Terry’s chocolate oranges which I bought while drunk. I’m going to be a millionaire in the apocalypse wasteland.
The biggest mistake we made after the last financial crisis was not putting heads on pikes. Justice should be far more punishing if it’s ever going to threaten white collar criminals.
I’m not holding my breath, but I hope current political extremism breeds actual consequences for the wealthy elite this time around.
Absolutely, we told the wealthy to gamble recklessly and they’ll get bailed out, then printed money for them to do it. When we turned off the money printer, they got big mad and now we’ll all pay for it.
Thanks Bush Jr!
How many times has it been the end of the world? When I was a kid, it was the Cold War, every day the newspapers had articles about how we were on the verge of nuclear war. Famine was another, there was not enough water for the crops. There was AIDS, we were all going to get ill and die of Kaposi’s Sarcoma. There’s got to be a list of these somewhere…
every day the newspapers had articles about how we were on the verge of nuclear war
And it was true. For example, at least in one instance, a single person prevented it.
Something being likely and there being reports about it, does not mean that the risk wasn’t real if the threat is eventually prevented.
There’s plenty of evidence to support the claims of AI causing havoc on the economy when it finally fails. It’s an economically unviable product built by stealing from literally the entire world and then using obscene amounts of resources to function.
Just because we stumbled through a whole bunch of world-ending things in the past mostly unscathed doesn’t mean we’ll continue to do so.
I hear you. You missed the hole in the ozone layer though.
That’s just because you stopped looking it’s still there and will close over Australia in 2050 something and over Europe in 2030 something
To be fair on that one it’s one of the single best example of people coming together to actually solve a problem.
It’s also one of the single best examples of why solving a problem goes unnoticed because it’s boring and not news worthy.
AI stays: Wealth consolidation
Bubble bursts: Wealth consolidation
You are fucked either wayIt will scurry into its little hole nicihe just like nft’s and crypto, it will stay around, but eventually, all the bullshit will die down… And we will move on to the next bullshit…
No way AI is taking down the financial system.
It’s all fearmongering and doomerism.
You are a moron if you think it has 0% chance.
They will try and pass the fallout onto the people, similarly to how they did in 2008, with the mortgages being used to hedge their stock market bets (bad ones at that) after regulations were removed to safeguard that from happening and people lost their homes, the banks got bailed out. The people responsible got no punishment. They do this same shit all the time. They shoot too high hoping it’ll catch on, and if it doesn’t they don’t pay the price. This time, we need to stand with whomever wears the cost and make sure the richest are the ones who pay. The ones responsible for this. They all go under, or we take them down.
Eta, this article is bullshit tho
Perhaps not AI itself and perhaps not the actual system, but if/when the bubble bursts it absolutely will do a lot of financial damage.
AI won’t, but the entities responsible for it will.
Ahem, you’re not talking to me, you’re talking to little Claudie.
Why would I stock up when the rich already did it for me?
As a millennial, I’ve developed a baseline immunity to once in a lifetime devastating economic collapse.
Gen X here - we had a good quiet 20 years and then everything went entirely to hell.
The official Gen X response is: whatever…
Usually but I have a 12 year old daughter. If I didn’t i would say let the world burn
I’ve never had any savings that can be influenced by a stockmarket crash, so I’ll be fine
Hopefully that’s a joke
The state of the american economy is a joke, yes, where it makes things like this probable
No, what I meant was a market crash will affect you even if you have no investments.
Never had more then a thousand dollars in savings before a medical emergency, major crisis, economic implosion, or some other event destroyed anything I built.
I just gave up entirely. Lot of people stuck in this position unfortunately
The point I was making is that a market crash will affect you even if you don’t have investments
Ahh yeah, my bad. Ignore me i misunderstood.
Only half
Just a tuesday
What timezone are you in?
A metaphorical Tuesday, my friend
Still blaming AI for everything they do themselves I see.
AI does not do anything by itself - it only does whats instructed
This. So much this
