• TropicalDingdong@lemmy.worldEnglish
    1 day

    As a millennial, I’ve developed a baseline immunity to once in a lifetime devastating economic collapse.

  • zangwill@lemmy.zipEnglish
    1 day

    AI stays: Wealth consolidation
    Bubble bursts: Wealth consolidation
    You are fucked either way

  • Creddit@lemmy.worldEnglish
    1 day

    The biggest mistake we made after the last financial crisis was not putting heads on pikes. Justice should be far more punishing if it’s ever going to threaten white collar criminals.

    I’m not holding my breath, but I hope current political extremism breeds actual consequences for the wealthy elite this time around.

  • Avid Amoeba@lemmy.caEnglish
    1 day

    Tanking the financial system by means of the AI bubble bursting, right?

      • rhymeswithduck@sh.itjust.worksEnglish
        1 day

        Would FDIC apply in this scenario? It should, since it’s effectively bank robbing, but my guess is they’ll have some excuse for why your money isn’t insured specifically for AI agent theft.

  • eicker@lemmy.worldEnglish
    1 day

    An AI CEO advising people to stock cash, food and a hand crank radio in case AI takes down banking is some spectacular product marketing. Silicon Valley spent years insisting AI would run everything. Now the contingency plan is to make sure nothing you own needs a computer. Progress! 😳

    • NullPointer@programming.devEnglish
      1 day

      plus, if the financial system collapses the cash won’t be worth the paper it’s printed on.

    • reksas@sopuli.xyzEnglish
      1 day

      imagine this kind of product marketing in 90s or something. “Hey everyone! We made something that is really really bad and dangerous (but also oh so very potent!!), it will end the world as we know it in a bad way just any day now! Look out, there it potentially goes! Soon we will be out of electricity and food, banks will collapse and nukes will fly! Isnt our product wonderful!!!”

      Not only has the other shoe dropped for the world, entire warddrobe got thrown out as well.

  • Echo Dot@feddit.ukEnglish
    19 hours

    Over god sake this again.

    They wouldn’t do it if it was going to actually destroy the world. Even trillionaires need to live in the world unless they seriously think they’re gonna build Elysium.

    • cloudshouter@lemmy.zipEnglish
      19 hours

      They think that can buy their way out of the consequences, and they are right. Economic crashes will not functionally hurt those people and they won’t be affected by climate change other then having to buy a different set of houses. Also a couple of them are trying to build Elysium.

      • Echo Dot@feddit.ukEnglish
        17 hours

        The people working on AI are definitely not going to be millionaires. I’m talking about the so called scientists, who claim to believe they are working on The Manhattan Project 2.0: Armageddon, yet still apparently stay.

        So what’s the story here they go home at the end of the day to their family and say today with a good day I think the world will be destroyed by the end of 2027 but hey ho, at least I’ve got a pay rise, just need to make sure to spend it before next August.

        Give me a break. Anyone who is actually working on a project that they thought was going to destroy the world would stop working on it.

  • Guanlin@lemmy.dbzer0.comEnglish
    1 day

    No way AI is taking down the financial system.

    It’s all fearmongering and doomerism.

    • LavaPlanet@sh.itjust.worksEnglish
      1 day

      They will try and pass the fallout onto the people, similarly to how they did in 2008, with the mortgages being used to hedge their stock market bets (bad ones at that) after regulations were removed to safeguard that from happening and people lost their homes, the banks got bailed out. The people responsible got no punishment. They do this same shit all the time. They shoot too high hoping it’ll catch on, and if it doesn’t they don’t pay the price. This time, we need to stand with whomever wears the cost and make sure the richest are the ones who pay. The ones responsible for this. They all go under, or we take them down.

      Eta, this article is bullshit tho

    • jobbies@lemmy.zipEnglish
      1 day

      Perhaps not AI itself and perhaps not the actual system, but if/when the bubble bursts it absolutely will do a lot of financial damage.

  • Corvidae@lemmy.worldEnglish
    1 day

    How many times has it been the end of the world? When I was a kid, it was the Cold War, every day the newspapers had articles about how we were on the verge of nuclear war. Famine was another, there was not enough water for the crops. There was AIDS, we were all going to get ill and die of Kaposi’s Sarcoma. There’s got to be a list of these somewhere…

    • Dave.@aussie.zoneEnglish
      14 hours

      Just because we stumbled through a whole bunch of world-ending things in the past mostly unscathed doesn’t mean we’ll continue to do so.