this post was submitted on 24 Feb 2025
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Thing is, it doesn't replace workers. And it won't for the foreseeable future. Even Microsoft itself had to admit that their studies show AI assisted coding to be bad and making developers worse.
There is hardly any market where these systems can reasonably compete with exploited humans. It's just that the tech bros have nothing left to invest in. The same idiots that pushed crypto, NFTs and the Metaverse are now pushing for AI. There is hardly any innovation anymore, so the only ways to make line go up are rent seeking and investing in bubbles in the desperate attempt, that something might stick.
It seems like we have a problem where there's too much money at the top of society that's trying to chase returns that can't exist because there's enough money at the bottom to buy products, so it just gets invested in bad ways. This will probably continue until they waste enough for their own money on bullshit that they no longer have it