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129 points NotInOurNames | 2 comments | | HN request time: 0s | source
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KaiserPro ◴[] No.44065122[source]
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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alecco ◴[] No.44065989[source]
I keep hearing this and I think it's absolute nonsense. AI doesn't need money or the current economy. Yes, our economy would crash, but they would keep going.

AI-driven corporations could buy from one another, and countries will probably sell commodities to AI-driven corporations. But I fear they will be paid with "mirrors".

But, on the other hand, AI-driven corporations could just take whatever they want without paying at some point. And buy our obedience with food and gadgets plus magic pills to keep you healthy and not age, or some other thing. Who would risk losing that to protest. Meanwhile, AI goes on a space adventure. Earth might be kept as a zoo, a curiosity. (I took most of this from other people's ideas on the subject)

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1. KaiserPro ◴[] No.44066701[source]
"AI" as in TV AI, might not need an economy. but LLMs deffo do.
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2. alecco ◴[] No.44079710[source]
All the suppliers to the LLMs will soon need the LLMs and AI more than anything.