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jrjeksjd8d | 17 days ago

Matt Levine has put this forward in his newsletter - if you're moderately influential you can go on TV and tell people that "X industry will be dead in 10 years" because of AI and then profit from the inevitable stock dip.

Because we live in the worst possible timeline the end result for AI companies does seem to be "too big to fail", where these massive investments will get foisted on working class people via a bailout or an IPO and index inclusion.

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WheatMillington|16 days ago

I don't see why any AI company would ever be "too big to fail". I can't see why any government would be motivated to take the political hit of bailing them out.

directevolve|16 days ago

What if the president of the nation happens to hold stock in these companies?

techblueberry|15 days ago

What if the head of that government was a lame duck president, and those AI companies personally funded his next yacht.

url00|16 days ago

Once the bureaucracy is automated, there will be no "reasonable" choice.

Esophagus4|17 days ago

His newsletter (and podcast) are fantastic.

sequin|17 days ago

I doubt talking heads on the TV can move markets.