From the linked article:
-"The logic surrounding the AI boom is utterly moronic. The idea is to gamble the entire Western economy by heavily investing in technology that will wipe out almost all jobs. It is a lose-lose scenario. If the bet fails, the economy crashes. If the bet succeeds, the economy crashes. And this graph shows that this is precisely what is happening."
wlockett.medium.com/the-most-t…
#Ai #Economy #economics #society
The Most Terrifying Graph I Have Ever Seen
The Most Terrifying Graph I Have Ever Seen The entire premise of the AI boom makes no sense. But it was never meant to. The AI boom is idiotic, needlessly complex, and wrapped up in a huge amount of …Will Lockett (Medium)
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Mathias
in reply to Mathias • • •(At least) one of the linked articles in the in the article I posted are behind paywalls. Here is the web archive of the one from Fortune (which then is free to read of course).
web.archive.org/web/2025110112…
MIT report: 95% of generative AI pilots at companies are failing
Sheryl Estrada (Fortune)OSIRIS
in reply to Mathias • • •Mathias
in reply to OSIRIS • • •But when it comes to a single company it is normally more understandable and also easier to manage, with a limited range of failure.
I have never before seen this mass psychosis in where everyone is cheering on the "Ai Revolution", completely ignoring the obvious, and by now visible, disastrous implications it will have on society as a whole.
"Yay, we are driving at full speed towards the cliff edge! Hurry, hurry, faster, faster! Woohoo! We're all gonna die!"
OSIRIS
in reply to Mathias • • •Mathias likes this.