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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)

submitted 1 year ago by [email protected] to c/[email protected]

328 comments fedilink hide all child comments

As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] [email protected] 2 points 1 year ago (4 children)

Not everyone can flex into new roles. Have some compassion for those who get left behind. The lack of compassion in your response actually causes you to look conservative.

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

I have compassion. I think the government should invest heavily into retraining programs and moving subsidies.

I don't think we should hold all of progress back because somebody doesn't want to change careers

Edit: retraining, not restraining. That's an important typo fix lol

[–] [email protected] 1 points 1 year ago

The lack of rationale and reason in your response actually causes you to look conservative.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

What if we were finally able to get insurance companies out of healthcare in the US? Thousands would lose their jobs, but millions would suddenly be able to get care. So much money would be saved, but so many people would suddenly be out of work.

I don't know about you, but I hate paying several hundred dollars a month (and 100s or 1000s if I actually get care) to prop up a whole ass middleman between me and my care.

Anyway, my point is we can't keep old systems only for the sake of preserving jobs. The guy you're replying to is short sighted and relying too heavily on a language imitation program, but he's essentially right about not keeping jobs just because.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

@new_acct_who_dis Yeah, but that wouldn't hurt as much because all the people out of work would still have healthcare.

AI displaced creatives will lose their healthcare.

[–] [email protected] 1 points 1 year ago (2 children)

You could use this kind of argument for almost anything. For example if we stop burning coal, many coal miners will lose their jobs. That doesn't mean that we should keep burning coal.

[–] [email protected] 2 points 1 year ago

@Freesoftwareenjoyer interesting you mention stopping burning coal. Because mining and burning coal is bad for the environment.

Guess what else is bad for the environment? Huge datacenters supporting AI. They go through electricity and water and materials at the same rates as bitcoin mining.

A human being writing stuff only uses as much energy as a human being doing just about anything else, though.

So yes, while ending coal would cost some miners jobs, the net gain is worth it. But adopting AI in standard practice in the entertainment industry does not have the same gains. It can't offset the human misery caused by the job loss.