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Cake day: January 22nd, 2024

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  • How else are they going to begin to recap their billions and billions of debt? Someone has to pay for all those data centres, all that hardware, all that power, etc etc etc. It will be the companies that have come to rely on AI.

    Sure, for now, AI is a lot cheaper than an intern, but it doesn’t become an expert like a human does. And Amazon used to be cheaper than other retailers right up until they had achieved vast market share.

    This cannot be the last 10x price multiplier they pull. Not even close. Firstly they’re way, way, way off from recouping their costs, and secondly, they’re still way, way off market value for an incompetent human intern who isn’t learning much.

    Uber didn’t enter the market to open up taxis to new drivers and bring down prices, that was marketing. They entered the market to take a cut out of ever taxi fare in the world, and drive up prices at peak times to many times the agreed fares, especially in regulated areas.

    Similarly, AI didn’t enter the coding market to drive down prices and enable greater access for folk to generate code. They entered the coding market to receive the wages of programmers and drive up prices in in-demand fields. They are not unaware of how much companies pay devs. Why else would they have spent all those billions in advance? Where is the payback coming from?











  • “We’re going to be employing a lot of artificial things.”

    Rich people.

    They’re keen for you to blame immigrants for you losing your job, but they’re planning on replacing you with AI and/or robots, because AI is far cheaper than even illegal immigrants who accept below minimum wage in exchange for secrecy.

    And because they partly believe their own nonsense about immigrants taking your job, they’re getting rid of them, but what they’ve forgotten to do is listen to the economists who explain that immigrants are typically young and determined, and contribute more than they take.

    When the immigrants have all been removed, your country has undergone massive population decline, there are fewer mouths to feed and fewer dollars being spent and so GDP has fallen and there are fewer jobs to go round.

    There’s a reason that some small towns become ghost towns: when all the younger people go elsewhere, there’s less to sustain the town, its economy dies and more and more shops shut up.

    America built its economy on mass immigration and slave labour. The prisons are still doing slave labour, but the immigration is in reverse.