Comment by hodgehog11

Others have commented on the rate of AI improvement. It doesn't need to be current rate for it to be an even more serious problem in the very near future. That's irrespective of prior booms.

Regarding AI companies having capital to expand infrastructure; this is largely irrelevant. The cat is out of the bag, and you can already make serious gains by finetuning to local problems on a desktop machine. There is enough hardware out there to run these things en masse; it's more a question of power. Regardless, this stuff will always keep progressing, regardless of who is doing it.

Regarding the economy, it may be largely irrelevant if we, the people, don't do something very soon. The wheel keeps spinning as long as there are productive workers; it's just that those workers are being replaced by machines. The last year has increasingly demonstrated that you don't need normal people to buy your stuff to remain afloat. You can just keep selling amongst your rich friends while the masses starve, as long as _something_ is still producing what the wealthy want, and enough systems are in place to protect them.