“I think the big companies are betting on it causing massive job replacement by AI, because that’s where the big money is going to be.”

  • RegularJoe@lemmy.world
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    5 days ago

    The remarks echo what he said in September, when he told the Financial Times that AI will “create massive unemployment and a huge rise in profits,” attributing it to the capitalist system.

    So if the middle and lower classes don’t have jobs, the Wealthy are going to circulate money back and forth? So trickle-down becomes trickle-around? Trickle down doesn’t work as intended. So trickle around is likely to fail, too.

    • pelespirit@sh.itjust.works
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      5 days ago

      Isn’t this venture capitalism?

      So if the middle and lower classes don’t have jobs, the Wealthy are going to circulate money back and forth? So trickle-down becomes trickle-around? Trickle down doesn’t work as intended. So trickle around is likely to fail, too.