It's somewhat alarming to see that companies (owned by a very small slice of society) producing these AI thingies (whose current economic is questionable value and actual future potential is up to hot debate), can easily price the rest of humanity out of computing goods.
> It's somewhat alarming to see that companies (owned by a very small slice of society) producing these AI thingies (whose current economic is questionable value and actual future potential is up to hot debate)
Some might conclude the same for funds (hedge funds/private equity) and housing.
I think the uncomfortable part is that it's not really about "AI hype" at this point, it's about who gets priority access to scarce inputs.
You don't think that as prices go up, the supply might also go up, and the equilibrium price will be maintained?
And possibly even a lower equilibrium will be reached due to greater economies of scale.
First crypto now AI.
I just want to play video games so I don’t have to interact with people
Supply should increase as a response to higher prices, this bringing prices down.
Without regulation, money begets money and monopolies will form.
If the American voter base doesn't pull its shit together and revive democracy, we're going to have a bad century. Yesterday I met a man who doesn't vote and I wanted to go ape-shit on him. "My vote doesn't matter". Vote for mayor. Vote for city council. Vote for our House members. Vote for State Senate. Vote for our two Senators.
"Voting doesn't matter, capitalism is doomed anyway" is a self-fulling prophecy and a fed psy-op from the right. I'm so fucking sick of that attitude from my allies.
> It's somewhat alarming to see that companies (owned by a very small slice of society) ... can easily price the rest of humanity out of computing goods.
If AI lives up to the hype, it's a portent of how things will feel to the common man. Not only will unemployment be a problem, but prices of any resources desired by the AI companies or their founders will rise to unaffordability.