The dude is wrong. There are examples of AI "art" which has the signatures of the artist on the generated art. That's copying. Mike drop.

Lol. -- how to say I don't care for ad-hominems

Regardless of whether its the west coast or the east coast thats to blame for this mess, the reality is;- its a fucken mess.

And yes, theres a particular cohort of SF zillionares, Musk, Thiel, that weird psycho who loves to rant about killing people at Palantir, Zuck, Larry Elison, and the Nvidia dude, who are very clearly of the opinion that there is no cost too high, including the errosion of civil liberties, democracy, and public sanity to achieve AI supremacy while the rest of us are left wondering "Who actually gives a shit if China gets there first? Is it worth burning down the planet and causing massive poverty to avoid that?!"

Just because my car door is unlocked doesn't mean you're not a thief if you enter and take stuff you like.

Uh.... no?

It's clearly megalomaniacs like Zuckerberg, Schmidt, Ellison, Andreessen, Jobs, Gates, Altman, Musk, Bezos, etc.

These people are West Coast Tech people, they learned what to do and how to do it in Silicon Valley, and honed their skills in that area.

Bankers have nothing to do with it, they exist all around the world and deal with everyone.

Theres a simple way to clean this shit up that would end this kind of thing overnight.

Put Meta financially on the hook for these scams. If facebook convinces some poor old lady with low tech literacy to hand over her retirement fund, then facebook should be on the hook to repay her. Facebook then can, at their own leisure, chase the scammer down to pay them back, but facebook must be held accountable.

Do that, and those scam ads end overnight.

In addition, the part of that money spent on computer centers will be useful even if AI doesn't pan out. It's not like investing in tulip bulbs. If AI doesn't pan out, it will just take a few years longer to pay for itself.

That said, AI will pan out. Even if there's no further development (HAH!) the current AIs will find an immense number of uses. It may well be "growing too fast", but that's not the same as worthless. (But expect well over half of the AI projects that are adopted in the next few years to fail. People don't yet understand the strengths and weaknesses. Unless, of course, AGI is actually developed. Then all bets are off because we REALLY don't understand what that woud result in.)

It's going to take more than one more efficient algorithm. OTOH, there've already been improvements in more than one algorithm. Nobody knows how far that could go, but the best evidence is that it could get a LOT more efficient. (Consider the power usage of a human brain...it uses a lot of power for an organ, but not really all that much.)

I'm guessing this is a summary:
Banks are legally allowed to loan more money than they have in deposits...to a degree. They've occasionally been found to go well beyond that limit. And they aren't carefully audited often enough.

Whether that's an accurate summary or not, it's true, if a bit shy on details. (I don't know the details this decade. But there probably haven't been any basic changes in the last few decades.)

I, for one, much prefer this kind of LEGO

FYI

What is the point of this? The WTO has been effectively dead for about 5 years.

It's not sleeping.

It's plumage is drab.

It's fallen off its perch.

From here:

Since 2019, when the Donald Trump administration began blocking appointments to the body, the Appellate Body has been unable to enforce WTO rules and punish violators of WTO rules [...]

It's funny how the world goes to shit when the bad guys deliberately block the enforcement of rules.

/FoodForThought.

If I was trapped in such a store for that particular reason, I'd just sit on the floor, call the cops and report a false imprisonment. Then I'd blog about it online while I wait.

Are they vagrant if they aren't moving around?

That's a real problem, but it ignores that the labor statistics are manipulated for political ends, so you can't trust them.

It's not at all clear to me that we currently have low unemployment among those who would be seeking jobs if they thought they had a chance. (Once you've been unemployed for a while I believe they stop counting you. Admittedly, it's been over a decade since I looked into that.)