- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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AI businesses are putting profits over sanity and safety.
All businesses are. That’s what a business is. A legal entity that seeks to extract as much wealth from people as possible. They put profits before people as a matter of policy.
Limited liability corporations should be outlawed.
That’s not what business is inherently; that’s what capitalism is.
It’s not even strictly what capitalism is about. It’s some stupid bullshit interpretation that came out of the University of Chicago economics department.
Seriously, go look at Adam Smiths wealth of nations. The only mention of the “invisible hand” is so different from what is taught in economics now
… by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
It’s not that we need no regulation. It’s just trying to say that if we set things up correctly, we don’t need to worry about people pursuing SOLELY their own personal gain. Because the market seeks out the “greatest value”, which is not just about money. It’s also the value to society as a whole.
Instead, we got the fucking bullshit from Chicago saying that the only / best way of measuring value is by profit.
It’s kind of funny how Adam Smith saw the need for moral philosophy to constrain greed in the economics of capitalism yet for most modern capitalists, capitalism is their moral philosophy 🤣
Spot on. I wrote an essay on this exact topic
I sure hope they secretly sabotage on their way out to protect society
“AI businesses are putting profits over sanity and safety”.
Remove “AI” from that sentence and you’ll see that’s just more normal business practices that have been going on for decades.
The real question is: what profit? It’s a sink hole in a hope to maximize reach
Ho, you can trust OpenAI and Nvidia to make a profit. You and your pension funds? What pension funds?
And it’s not even working. Not one of the AI companies is profitable. So they’re putting the hope for profits some time in the future over sanity and safety.
So what’s the problem? This looks self-correcting to me, if none of the AI companies are profitable then they’re going to go away. Short their stock and make a fortune.
It’s only self correcting if the powers that be are losing money, which they aren’t because they are either liquidating important assets to pad their pockets or just using economic magic to make trillions appear out of no where. They’ll only feel it when their company or the economy collapses, and at that point they make off with their ill gotten gains
Where’s this infinite well of investment money coming from? “Economic magic” is pretty vague.
Have you not heard of inflation? It is literally the creation of new monies that the government gives to banks to give loans.
that’s… not at all what inflation means… it is 1 of many causes of inflation
and the government doesn’t “give” it to banks
the reality is far more complex in both cases, even if sometimes the simplified version of things looks like that
Shorting isn’t just a bet that a stock will fail but also when
Then invest in competitors, they’ve got a more flexible timeframe.
what competitors? competitors to AI as a technology?
The companies that continue with human staff where others are replacing theirs, for example. Outsourcers providing those staff.
I’m not sure what bubble you live in, but not everybody can be a Bay Area nepo baby like you, and not being one doesn’t make them less correct.
If you’re not investing anything in anything then this really isn’t your problem.
Oh thank heavens some people still have ethics.
We’re so cooked
This is many companies right now.
Mine is run from the top down (all executives) by people who use LLM’s for fucking everything.
Everyone fucking hates them at this point. We all think they are fucking trash.
Maybe it’s time to grab some fellow employees and make an employee owned business.
After $1T poured into global warming, why can’t AI replace them ?
What profits?
That’s just every company isn’t it?
Not in my experience. Once their clients budgets get cut by funding cuts due to reality and they notice it doesn’t do anything of benefit (on the clients side), they will be all “client first”.
