Don’t forget this is all under the umbrella of the initial hypothetical where AI stalled at it’s current level. I don’t believe that existing LLMs systems will destroy the economy. They’re a tool that people are trying to fit into every hole, much like blockchain during the crypto bubble. We’ve already seen companies fire their customer service departments, try to replace them with LLMs, then have to go crawling back when that failed catastrophically.
If AI systems continue to improve, however? As I said previously, all bets are off.
This is how bubbles always go, see the Gartner hype cycle. People always overextend, try to apply new tools/tech into places that it doesn’t belong, and only then do people realise the limitations of technology. This is common in business, C-suites explicitly exploit the hype cycle to secure naive investor funding, but investors always become wise eventually - it’s a game to see how much money can be extracted from them before they become increasingly aware of the limitations of the technology. There will be niches where the tech actually settles, but it’s always much smaller than what’s promised. I’m a programmer, I’ve been listening to people say that LLMs are going to take my job for the past five years, and yet every time I’ve actually tried to apply an LLM directly to my work it’s failed in a pretty drastic manner. I find existing systems useful as a tool, but that’s about it.
Don’t forget this is all under the umbrella of the initial hypothetical where AI stalled at it’s current level. I don’t believe that existing LLMs systems will destroy the economy. They’re a tool that people are trying to fit into every hole, much like blockchain during the crypto bubble. We’ve already seen companies fire their customer service departments, try to replace them with LLMs, then have to go crawling back when that failed catastrophically.
If AI systems continue to improve, however? As I said previously, all bets are off.
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This is how bubbles always go, see the Gartner hype cycle. People always overextend, try to apply new tools/tech into places that it doesn’t belong, and only then do people realise the limitations of technology. This is common in business, C-suites explicitly exploit the hype cycle to secure naive investor funding, but investors always become wise eventually - it’s a game to see how much money can be extracted from them before they become increasingly aware of the limitations of the technology. There will be niches where the tech actually settles, but it’s always much smaller than what’s promised. I’m a programmer, I’ve been listening to people say that LLMs are going to take my job for the past five years, and yet every time I’ve actually tried to apply an LLM directly to my work it’s failed in a pretty drastic manner. I find existing systems useful as a tool, but that’s about it.
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Bubbles are not an existential threat to society. We’ve had like four bubbles in the past 20 years.