Artificial intelligence is the driving force in financial markets at the moment. With a booming stock market and enormous IPOs, investors are euphoric. But has America’s financial market progressed fr
People created a monster of a bubble. They assume AI is this miraculous, at least semi-conscious entity lurking in your IT systems. It is not. It is the product of vast human collaboration. The AI stock market bubble is the greatest bubble ever created. In Magnitude it surpasses 1929 and 2000. Once it pops...everything will tank. People are all envisioning great forward earnings. But those earnings will all be built on the destruction of our human economy and once there will be no real human consumers left down the line how can future earnings be sustained. Furthermore, assuming AI indeed has an 'intellectual capacity' that vastly surpasses that of the smartest single humans out there alive...who, quantitatively speaking, really will be left to partake, control and shape its future achievements? It's like we are creating a 'borg cube' that will self-replicate and assimilate the economy at the cost of humans...if AI eventually hoovers up all profits in an economy where will the rest of the economy go...Humans eventually will have no function in that world...and no economic value..
From NY. I started investing a month ago. I started with 5k now I am over 43k not a lot, but to me it's a great start. Thank you both for the information. Peace Power and love
Whether it pops or not, AI is here to stay, whether we like it or not.
What we can do as individuals is engage less with it in our own way as we move about our day.
I sacked my Nasdaq tracker a month ago. I also avoid putting my gentlemen parts in blenders.
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What we can do as individuals is engage less with it in our own way as we move about our day.