this post was submitted on 05 May 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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EA forum: Stock prices in a VC-forced bubble show that society will make trillions from AI!!!
first comment: "uh, wtf, that's not how anything works."
reply to this comment: "oh yeah? well DEBATE ME"
at least crypto isn't involved this time. few understand (real world economics)
For such ostensibly smart people, the basics of finance and economics are surprisingly elusive!
not that we should complain too much about this: it's given them the loss of the castle, the loss of a university-shielded ~~wastebasket~~ think tank, and may yet give them some more losses at scale!
I like his reply to the second (expunged) comment as well: “AI won’t take our jobs, it will just create value but even if it does take all the jobs we won’t be poor because GDP will go up and when number go up, we steal underpants, ???, PROFIT!”