Artificial Intelligence (AI)

"And one of the reasons that isn't a concern is because if technology gets really good at doing things, then that represents a radical improvement in the productivity rate

If we got on the kind of exponential productivity ramp [then] the price of all existing products and services would crash." - @pmarca

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Incredibly underrated viewpoint. Nobody accounts for the dramatic cost reduction that's likely to happen when almost any task can be partially or fully automated. Thanks for sharing.

TY for posting this. I don't agree with this 'good news' at all. My Qs to the speaker would be: if prices crash - as postulated here - where will wages be, before, during, and after? Additionally, as drastic income disparity in many nations increases, how does this good news cure that?

And we all will be unemployed and socialism will be back and maybe everyone commits suicide