alt Hacker NewsThey won't be trillionaires with that attitude. They could have kept saying the line "Ai will replace all the jobs by the end of the year" for another 20 years.
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“Companies that use AI well will replace the ones that don’t”
I’d type that in alternating caps but I’m on mobile.
A significant job loss will trigger a deep recession which will eventually hit most AI customers so they will have too few customers to be profitable. The best (for AI business) scenario is when productivity is increased without mass unemployment.
They're trying to pivot to something that would inspire the retail investor they need to pass the bag to as they gear up for IPO, something out of Elon's playbook like "AI will take us to Alpha Centauri by 2030" or "AI will cure cancer by the end of the year"
If you think there is even a 2% chance you're going to need a government bailout over the next decade, you simply cant be calling your product the grim reaper.