The executives sell the corporate plane piece by piece while still in the air, then jump out in a golden parachute while the remains of the company nose dive to a fiery end.
This; look at how short-term they’re already thinking.
They will see the writing on the wall long before they actually have any genuine fear for business. And they’ll take the money and run, just like they already do now.
They don't have a plan. It's pigs at the trough.
Yup. The people pushing AI are not concerned with the social or economic reprocussions of pushing AI. They just want line go up.
The "Don't Look Up" greed + willful ignorance will crush us all.
I've said it before and I'll say it again. Businesses operate on three timescales. Monthly, quarterly and annually. Anything beyond that they're not even thinking about.
When a company talks about long term strategy you can ignore everything they say after. It means nothing.
So AI can make them more money in the short term. They don't understand the problem even if it's right in front of them.
I feel this is always true for public companies, while there are some exceptions in private ones.
From what I've noticed, with AI companies, it's usually not "annual" but "annualized", which is just an estimate. And it doesn't seem like there are any rules to calculating that estimate, you can just grab the best 30-day period of operation, multiply it by 12 and claim millions in annualized revenue. And then they usually just sell to someone based on this estimation, since it's almost never profitable to build something on top of existing infrastructure of the main players in this market and maintaining your own is just not feasible.
Capitalism is a rabid dog, that only managed to serve the middle class well in the past because it was kept muzzled and on a tight leash.
Successive, and successful attempts to ‘unleash the beast’ have left us bit, and apologies for mixing metaphors here, but there is probably no way left, to get the genie back into the bottle:
Undoing 50+ years of damage would take time, especially when faced with resistance from those that stand to benefit most from the current broken system (think the Top 1% of the 1%), and that is time that we simply do not seem to have.
You pay me $10 to punch you in the face. I pay you $10 to kick me in the balls. We just increased our country's GDP by $20.
Answer. They don't fucking have a plan. At all.
And they don't care. They care about profits now, not profits 5 years from now. That is a problem for future CEOs to solve.
I heard recently this summary:
The US economy depends on two things:
Falling rate of profit by karl marx predicted this. Self destructive nature of capitalism
A socialist revolution is the only solution and it will come.
A socialist revolution is the only solution and it will come.
Not the only. The rich still can lead us to fascism. The only problem is that fascism has its own internal contradictions and history won't stop there.
Kill off all of the poors they no longer need and live in a utopia being served by robots.
These "people" in charge of corporations genuinely forgot that the workers they underpay are the consumers who they on rely to give them money.
It's almost like someone a 130ish years ago predicted that capitalism would be like this. I wonder who that is?
Karlos Marxcia.
It is all a con. There is no endgame. They aren't thinking that far ahead. And when the reality hits them it will land on them like a cartoon piano. They'll never see it coming.
The idea is just to get there first. If you make it one quarter before your competition then you get a a really good quarter.
Long terms plans don't matter to CEOs. Long term stability is not rewarded by capitalism.
They're trying to pivot to world domination.
Total enslavement of humanity, automated by their tech companies.
I'm not kidding. -_-
Have you ever met Capitalism™ ? The guy doesn't really do long term plans
My 401k has gotten up into the 5 digit range a couple times, but emergencies have required me to to drain it. Retirement is a dream I rarely harbor.
I'm working until the day I die. My mother fancies herself retired and rots away in a house she imagines she owns, but it has been property of the bank since before I was born in the 80s. A mortgage that was essentially renting with extra steps.
I'm just whining now, so I'll stop.
It's topical whining though, so it's allowed
Oh, you have no idea. If you don’t have a job (or 5), then you’re going to prison for being a vagrant. Or they do some dystopian shit where you are in the equivalent work labor camp, where you are provided basic life necessities in exchange for paying off your debt by working based on your skills. No skills? Manual labor in farms or construction.
People really have no idea what we’re complacently walking into. If you’re not rich, and I mean a few million american dollarooos or trump bucks… say next 10 years…? You’re fucked.
You forgot they're also whining about declining birth rate, and begging people to have more kids.
People tend to forget how cheap gasoline is and how abundant glass bottles and rags are.
the short-term plan is to slurp up all the stuff while they can. The long term plan is that there is no place for plebs in the automated future. The unwritten prologue to their sci-fi adventure is us commoners being abandoned to starve on a poisoned and resource-depleted mud ball as the intrepid billionaires go off to explore the cosmos with their robot pals.
Honestly you're giving them way too much credit. There's no long-term plan. They're incapable of having long-term plans. Most these people can't think past next quarter.
Nobody is thinking beyond next quarter.
What's funny is that virtually everyone acknowledges it. Even Trump acknowledges it when he said that "China thinks in decades". But the Western capitalist culture is too strongly ingrained that the instinct to be greedy overrides any rational sense.
So poor people will become disposable?
Solution: pay the politicians to declare a costly war, draft the poors, throw them into the meat grinder, they die off, AI owners profit by having everything be cheaper because all the poors died off.
Honestly there's no need because world population growth is declining anyways, so in a generation or two, even with AI, they're going to have the opposite problem.
world population growth is declining anyways, so in a generation or two,
Yeah, but this way is faster. Why wait when there is quarterly profit reports due to the shareholders?
Become?
Not just that, even as a company I would be seriously anxious when I know my business can be fully run by AI. That means that others can replicate your business very easily, which generates lots of competition, resulting in a race to the bottom. Which might even be good for consumers somehow.
And as a second point, we all know that when companies or people depend on AI the price to use that AI will go up to the point where it is almost as expensive as having actual people doing the job. All these billions poured in AI need to be earned back, so now your business will fail unless you basically pay them whatever they ask.
By that point the earth will be so polluted they will make profits by selling us clean air/02 in canisters, clean water, food an housing. Those of us that can't afford it will just die.
Sell to other billionaires ad nauseum. Let the rest of humanity starve. The usual kings and peasants model
Corporate welfare of course
Short term profit.
I think they plan to just sell yachts to each other at the oligarch level.
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