@ChrisMayLA6 Already here, I think.
@ChrisMayLA6 So how are all these people with no jobs going to be able to afford to buy products and whizzy AI services? It’s almost as if #AI is going to kill consumers - though not literally 😉
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Indeed; Keynes old problem of 'effective demand' which has passed many business people by, and which will slowly put many of them out of business
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@ChrisMayLA6 Will “business people” wake up before they go bankrupt?! Doesn’t sound like it. I guess we can always pay agentic AIs something and prompt them to go shopping!
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The business community has (shall we say) a mixed history of understanding how economics actually works...
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@ChrisMayLA6 Professional “cases”?! Should that be “classes”? #typo 😉
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thanks Alex, much appreciated as always
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@ChrisMayLA6 You are welcome. I quite like professional “clases” even if I’ve no idea what it may mean 😉
@ChrisMayLA6 Already here, I think.
@ChrisMayLA6 AI also differs from previous new technologies in that its financial benefits are largely presumptive rather than demonstrable. It’s not laying off weavers because now we have a steam loom. It’s merely the generalised belief that AI will do jobs that people did. Laying off people because they believe that AI can do their jobs. Mostly because the C Suite haven’t a clue what staff put into it. The effectiveness or reliability of this is largely magical thinking by bean counters.
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yes fair comment; but if (and this is a big if), AI turns out to be a general purpose technology (like electricity), then these prospective advances will be further in the future as it will not be existing industries that harvest them but rather new (as yet unknown, or at least unexpected) businesses that actually find the 'real' productivity up-step
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@ChrisMayLA6 The impression I have now is that it has its uses, but is being shoe-horned into many roles where it doesn’t really create a benefit other than in the fevered imagination of bean counters. It’s definitely a time saver for combining and summarising information. But can’t produce anything new beyond extrapolating existing data. And if the data is absent it hallucinates something.
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