Embed Notice

@jwz @vaurora @timbray I definitely agree that there’s a serious lack of smarts among the decision makers. The VC investment model has become all or nothing. They don’t know how to build anything sustainable, because sustainable companies can’t make up for their losses.

But also, more and more of the tech investments are extractive. They aren’t creating new wealth, they are sucking it from other people. And “AI” is ideal for that. You don’t need to create anything new, just use it to lower the cost (and quality) of existing services by replacing people. I doubt it will be cost effective in the long run, and it certainly will be worse for the environment, but they’ll have made their money by then. And the whole long-termism religion lets them feel justified.