dankai4d ago

The bridge to wealth is being pulled up with AI

https://danielhomola.com/m%20&%20e/ai/your-bridge-to-wealth-is-being-pulled-up/

Your bridge to wealth is being pulled up

For two centuries, the credential system gave intelligence a route to heritable capital. Artificial intelligence is closing that route. This essay builds the argument from first principles - with probability theory, interactive simulations, and a prediction specific enough to be falsifiable - and puts a number on the window that remains.

Daniel Homola
Show threadbloppe4d ago

Until I see median real income start to actually go down, I just don't buy it.

AI is currently a commodity. Maybe one of the labs will be able to differentiate sufficiently to be able to charge the kinds of premiums they need just to pay back their investors. Maybe, instead, we'll see something akin to the FOSS revolution, where large, high-quality, open training sets are developed to make sure there's always a fair alternative to the big players. Then who actually benefits from AI? Mainly users, not companies.

In many ways, the bar to having a competitive advantage is actually lowering. I reckon in the future, simply avoiding a crippling social media addiction that sucks up 4-8 hours of every day will be enough to get rich.

Show threadtrolleski

If you denominate your income in silly money such as USD, then it won't go down, probably will go up!

However if you start asking questions on how much housing medical and materials it buys, then I think it will squeeze people even more than now.

Mar 24 at 3:40pmWeb