Wandering Adventure Party

@nixCraft And if you don't trust Goldman Sachs, maybe you believe 6000 executives from the US, UK, Germany and Australia a little bit more. From the study:

> "Third, the impact of AI on firm employment and productivity has been small so far. On average, more than 90% of business managers across the four countries estimate no impact of AI on their employment over the past three years. 89% report no impact of AI on their labor productivity over the last three years."

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago | Fortune

In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”

Fortune (fortune.com)

> "The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU."

And if you're interested in what "vulgar Thatcherism" refers to, you should give this one by @pluralistic a good read:

AI companies will fail. We can salvage something from the wreckage | Cory Doctorow

AI is asbestos in the walls of our tech society, stuffed there by monopolists run amok. A serious fight against it must strike at its roots

the Guardian (www.theguardian.com)