Its a shame that your standard futurologist always the most fancyful.
Talks of exponentials unabated by physics or social problems.
As soon as AI starts to "properly" affect the economy, it will cause huge unemployment. Most of the financial world is based on an economy with people spending cash.
If they are unemployed, there is no cash.
Financing works because banks "print" money, that is, they make up money and loan that money out, and then it gets paid back. Once its paid back, it becomes real. Thats how banks make money (simplified) If there aren’t people to loan to, then banks don't make profit, they can't fund AI expansion.
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