How does it go? The trend is your friend — until it bends in the end. I’m sure trading firms are already fervently working to have the new AI to identify these trends faster and sooner, and when exactly the trend will bend in the end. Probably not too crazy of an idea to imagine the distribution of profitable stock following the power law and the entire market getting dominated by superhuman stock-picking AI. As long as the chat prompt optimizes for some human quality like “lessen human suffering” or “improve the human condition” then let’s give this experiment a go.
I agree, but alas tis the motions that are followed. OpenAI went from singing praises of open-sourcing AI to now flagellating themselves for having done so [1]. Won't do much unless like the author says "a collective, enforceable decision must be made to slow the development of these technologies" which like yeah...good luck with that.
imo this should be outlawed but that’s just my personal preference. The same opinion applies to billboards along roads. I already paid for the phone and for the roads so imo I’m entitled to use those things without unwarranted solicitations for my attention.
I believe there’s a name for what you’re describing: the Cantillon Effect.
> An 18th century French banker and philosopher named Richard Cantillon noticed an early version of this phenomenon in a book he wrote called ‘An Essay on Economic Theory.’ His basic theory was that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.” [1]
I’d agree that some employers have a vested interested while others do not. Mainly the ones that don’t rely so much on the social aspect to survive like delivery services, streaming services, video games, etc [1]. Goes without saying that to prolong the pandemic prolongs people’s suffering in order to boost one’s bottom line is morally reprehensible.
Someone needed to go first to try and get a leg up on the competition in terms of productivity or whatever KPI the company is tracking, and it seems Google is first Big Tech Co to go. It will be interesting to see just how exactly this all will play out considering some in the workforce are vaccine hesitant. I wonder if, besides proof of vaccination, health checks will be required to enter the campus, or if masks will need to be worn at all times indoors, or if social distancing will still need to be observed.
As long as it’s advantageous to those who own these publications to accumulate their share of BTC, ETH, or what have you, and once they’re satisfied the narrative will change.
Chess is to humans as Bitcoin is to computers (Chess : Humans :: Bitcoin : Computers). Except humans stick up for the wastefulness of both, and computers stay silent on the matter.
Yuval Noah Harari argues the same [1]. Whereas the 20th century was a century of workers fighting exploitation, now the 21st century might be workers — or more generally people — fighting irrelevance. When so much work can be performed by machines, human labor will not be necessary like it was before.