Comment by mlsu

The full bodied palate of this AI market mirrors the sharp nose of 2023 AI doomerism.

The argument goes: if AI is going to destroy humanity, even if that is a 0.001% chance, we should all totally re-wire society to prevent that from happening, because the _potential_ risk is so huge.

Same goes with these AI companies. What they are shooting for, is to replace white collar workers completely. Every single white collar employee, with their expensive MacBooks, great healthcare and PTO, and lax 9-5 schedule, is to be eliminated completely. IF this is to happen, even if it's a 0.001% chance, we should totally re-wire capital markets, because the _potential reward_ is so huge.

And indeed, this idea is so strongly held (especially in silicon valley) that we see these insanely frothy valuations and billion dollar deals in what should be a down market (tremendous macro uncertainty, high interest rates, etc).

AI doomerism seemed to lack finish, though. Anyone remember Eliezer Yudkowsky? Haven't heard from him in a while.