Comment by logicprog

I know bosses can think that AGI is happening and they can get away with firing workers, but we've already seen a bunch of high profile cases of companies really rapidly learning their lesson and re-hiring people after firing them because of AI. The turnaround time is like, what, a few months? I'm not worried about it because of that — because they learn their lesson really quickly because they get slapped by reality. Because the thing is, if they try firing people and throwing a bunch of generic workers into the loop or even not even having humans in the loop at all, they extremely quickly run into problems because this isn't like an infrastructure thing where if you underinvest in it, it takes a while for the cracks to show. The hallucinations and nonsense show up immediately.

I also think that as soon as this AI bubble collapses because these companies don't see the insane returns they bet on from AGI in order to justify all of the money they've borrowed and the VC money they've burned, all illusions that AGI will happen even among the managerial class will go up and smoke and in fact investing in AI might become pretty toxic for a while. We've seen it with other bubbles. It's all animal spirits. Right now they're really enthusiastic, but that will go away and actually reverse irrespective of the relative quality of the technology.