There is a machine learning bubble, but the technology is here to stay. Once the bubble pops, the world will be changed by machine learning. But it will probably be crappier, not better.
What will happen to AI is boring old capitalism. Its staying power will come in the form of replacing competent, expensive humans with crappy, cheap robots.
AI is defined by aggressive capitalism. The hype bubble has been engineered by investors and capitalists dumping money into it, and the returns they expect on that investment are going to come out of your pocket. The singularity is not coming, but the most realistic promises of AI are going to make the world worse. The AI revolution is here, and I don’t really like it.
Who buys the stuff if everyone is replaced?
Eventually nobody.
Capitalism isn’t about sustainability, it’s about making the most amount of profit in the shortest amount of time.
Eventuall you bleed everyone dry and nobody has a job. But for a short amount of time the shareholders will have had a huge number of 0’s and 1’s in a database somewhere equating to their “worth”
Humans are consumers, they will buy stuff. But most won’t work for corporations anymore since robots and AI are far more effective at most jobs.
Humans will still buy the stuff robots produce. Maybe the money will come from governments as some kind of citizen coins, distributed differently based on some criteria. Not sure.
That would be UBI and that’s seen as an improvement by a lot of people so why stand in the way of that? Robots do the work, people get a budget they can spend on that work while they don’t have to do it.
Because none of those people have policy changing influence. Nobody here is standing in the way of it, most people here are advocates for it. But we don’t write the laws, and we only get to vote on a very small percentage of them.