McSweeney’s on the economics of the AI bubble. This description of AI driven layoffs is excellent satire.
https://www.mcsweeneys.net/articles/ai-economics-for-dummies
McSweeney’s on the economics of the AI bubble. This description of AI driven layoffs is excellent satire.
https://www.mcsweeneys.net/articles/ai-economics-for-dummies
@carnage4life The LLM Tech Bros really put the USSR to shame for economic wishful thinking and burying of inconvenient details.
@carnage4life Text written on the image: 4. Benjamin owns a farm. He employs 100 workers plowing his fields. His total payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it with a modest 10 percent productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1,000 percent productivity gain. The driverless mules cause plow damage to his property in excess of $50 million. Benjamin loses another $5 million due to the loss of productivity from his one remaining employee, who no longer guides a plow but instead spends 100 percent of his time shoveling mule shit.
@carnage4life Those last lines hit a little too close to home😭