Comment by zmmmmm
15 hours ago
there are plenty of people who basically believe this is the end of the human economy - there will be nothing left that isn't done by AI in the future. Even the bits left that humans do will be human facades on AI driven activity (like your hairdresser will be viewing you through AI powered glasses using AI powered scissors etc).
So from that point of view you can indeed look at it as the entire value of the economy should be invested into AI companies.
But let's be real, the AI output today is largely complete and utter shit. Like, really, without careful promoting and oversight, it's not fun to read, it's not smart, it's not accurate, it's not thorough, and it's certainly not yet over the massive show stopping hurdle that is lying and hallucinating all the time.
To me the bigger point is, the nature of humans is they seek out signals of value, and we will rapidly hone in on whatever unique attributes still differentiate something from being AI generated and those will become what people value. Or to put it another way, no matter how good AI gets, "shit" will be redefined to that.
Already in posting here you have to actively avoid using language that could be mistaken for AI generated text or people instantly devalue your comment if not outright call you on it and try to have your account banned etc. It's not about the content of the comments - it's because they don't think AI content carries value.
Which is all to say IMHO a surprisingly large slab of the economy is going to resist AI automation, because people will instinctively reject anything that IS automated as low value (because it actually will be, in the long run).
The more I use them the more I draw this conclusion. Like we have given certain models an unbelievable amount of slack for bad output.
That is ultimately where it is headed and has been headed for over 100 years now.
The question is when will we get there.
If the answer is tomorrow, money means nothing and none of these investments matter. If the answer is 30 years, well lots of money to be made up until the inflection point of machines being able to design, build, and repair themselves.
You heard AI powered scissors and thought that's where we're heading? I think you'd have to be totally divorced from the average person to believe this.
Meanwhile people are still begging car manufacturers to stop locking their glove box behind a touch screen. Or how about a TV that isn't loaded with crappy software that makes it unusable after 2 years. There's a reason we don't put tech in everything.
Well, fortunately (from a certain point of view), it doesn't really matter what people beg for as long as they need the thing anyway and you and your competitors all agree not to give them what they want.