Quote:
Originally Posted by Shaun @ Tru6
^^^ skimmed only.
"Sure, the Luddites were wrong. Sure, ATMs didn't kill bank tellers. But AI is different. It's not just automating physical labor… it's automating thought. It's coming for cognitive work, creative work, the things that were supposed to be uniquely human. This time really is different!"
The reason "This time is different." is simple: trillions of dollars have been invested in AI development, some in circular investments.
The .05% Class has learned a thing or two with past bubbles. Their purely fiat investments will be protected, with good returns, one way or the other. That means many in the 80% class on down will lose one way or the other.
My $.02.
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From an investment standpoint, I have a hard time fathoming how investors are going to see a decent level of return (or any return) on a significant chunk of that $$ - there is just SO MUCH capital that has been thrown at AI in general. But maybe you are right about the end game….hype the crap out of it to draw in the retail investor then leave them holding the bag when you exit. Kinda like crypto.
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