Comment by bitwize
19 hours ago
The ownership class will be sharper. They will know how to exploit capital and turn it into more capital with vastly increased efficiency. Everybody else will be hosed.
19 hours ago
The ownership class will be sharper. They will know how to exploit capital and turn it into more capital with vastly increased efficiency. Everybody else will be hosed.
I'm not sure if people will be more hosed than before. Historically, what makes people with capital able to turn things into more capital is its ability to buy someone's time and labor. Knowledge labor is becoming cheaper, easier, and more accessible. That changes the calculus for what is valuable, but not the mechanisms.
> Historically, what makes people with capital able to turn things into more capital is its ability to buy someone's time and labor.
You forgot to include resources:
What makes people with capital able to turn things into more capital is their ability to buy labor and resources. If people with more capital can generate capital faster than people with less capital, then (unless they are constrained, for example, by law or conscious) the people with the most capital will eventually own effectively all scarce resources, such as land. And that's likely to be a problem for everyone else.
but what if we succeed in gamifying the latent knowledge in LLM's to upload it to our human brains, by some kind of speed / reaction game?
There is a fundamental problem with this thinking, you are making an assumption about scale. There is the apocryphal quote "I think there is a world market for maybe five computers".
You have to believe that LLM scaling (down) is impossible or will never happen. I assure you that this is not the case.