I don't think you can even dispute this. AI will be the one to cause the next financial crisis.
[0] https://www.cell.com/joule/abstract/S2542-4351(25)00142-4
I don't think you can even dispute this. AI will be the one to cause the next financial crisis.
[0] https://www.cell.com/joule/abstract/S2542-4351(25)00142-4
So what's the implication here? It sounds like you want AI canceled or curtailed, and if you apply the same logic to the internet in the mid 90s, you would have correctly called out the dotcom bubble. Does that we mean we should have also canceled the internet?
You should also be careful about taking imagined positions to the extreme ..."Does that we mean we should have also canceled the internet?"
It does, otherwise what are you arguing for, that financial crises are bad?
>You should also be careful about taking imagined positions to the extreme ..."Does that we mean we should have also canceled the internet?"
Right, which is why I posed it as a question.
To create a false dichotomy like this tells exactly why we have this problem.
I am arguing against the unnecessary over-spending on data centers that has gone into AI, in favor of making efficient models that take less energy, such that less data centers are needed.
The blockchains in many cryptocurrencies have found a way to scale and take significantly far less energy, thanks to proof-of-stake (PoS) consensus over Proof-of-Work (PoW).
We have seen little to almost none of this with the current frontier AI models which is why they currently need orders of magnitude of energy to operate at scale, which is why the over-spending and debt accumulation on data centers exists.
In retrospect, I think the world would be a much better place if we'd just turned it off in 1998.