"The business model of AI is to cause mass unemployment. The only way companies like Anthropic and OpenAI can deliver on...

"The business model of AI is to cause mass unemployment. The only way companies like Anthropic and OpenAI can deliver on the trillion-dollar promises they are making to potential investors is if tens of millions of companies shed hundreds of millions of workers and spend trillions on AI instead of wages.When I made that simple observation to a recent parliamentary inquiry into AI, some of the Senators were startled. Presumably because most of the witnesses before the inquiry had been focused on their fear of missing out (FOMO) on the new tech."https://australiainstitute.org.au/post/the-ai-business-model-is-mass-unemployment-between-the-lines/#auspol #ai