"“There is no alternative” is a cheap rhetorical sleight.
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"“There is no alternative” is a cheap rhetorical sleight. It’s a demand dressed up as an observation. “There is no alternative” means: “Stop trying to think of an alternative.”
I’m a science-fiction writer – my job is to think of a dozen alternatives before breakfast."
- @pluralistichttps://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur
#Tech #Technology #AI #ArtificialIntelligence #StockMarket #Business #News #World #SciFi
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"“There is no alternative” is a cheap rhetorical sleight. It’s a demand dressed up as an observation. “There is no alternative” means: “Stop trying to think of an alternative.”
I’m a science-fiction writer – my job is to think of a dozen alternatives before breakfast."
- @pluralistichttps://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur
#Tech #Technology #AI #ArtificialIntelligence #StockMarket #Business #News #World #SciFi
"This is the paradox of the growth stock. While you are growing to domination, the market loves you, but once you achieve dominance, the market lops 75% or more off your value...
Which is why growth-stock companies are always desperately pumping up one bubble or another, spending billions to hype the pivot to video or #cryptocurrency or NFTs or the metaverse or #AI...
The primary goal is to keep the market convinced that your company will continue to grow"
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"This is the paradox of the growth stock. While you are growing to domination, the market loves you, but once you achieve dominance, the market lops 75% or more off your value...
Which is why growth-stock companies are always desperately pumping up one bubble or another, spending billions to hype the pivot to video or #cryptocurrency or NFTs or the metaverse or #AI...
The primary goal is to keep the market convinced that your company will continue to grow"
"the promise #AI companies make to investors – is that there will be AI that can do your job, and when your boss fires you and replaces you with AI, he will keep half of your salary for himself and give the other half to the AI company.
...Now, if AI could do your job, this would still be a problem. We would have to figure out what to do with all these unemployed people.
But AI can’t do your job. It can help you do your job, but that does not mean it is going to save anyone money."
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"the promise #AI companies make to investors – is that there will be AI that can do your job, and when your boss fires you and replaces you with AI, he will keep half of your salary for himself and give the other half to the AI company.
...Now, if AI could do your job, this would still be a problem. We would have to figure out what to do with all these unemployed people.
But AI can’t do your job. It can help you do your job, but that does not mean it is going to save anyone money."
"the Copyright Office has maintained – correctly – that AI-generated works cannot be copyrighted, because #copyright is exclusively for humans...
if Getty or #Disney or Universal or Hearst newspapers use #AI to generate works – then anyone else can take those works, copy them, sell them or give them away for nothing. And the only thing those companies hate more than paying creative workers, is having other people take their stuff without permission."
https://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur -
"the Copyright Office has maintained – correctly – that AI-generated works cannot be copyrighted, because #copyright is exclusively for humans...
if Getty or #Disney or Universal or Hearst newspapers use #AI to generate works – then anyone else can take those works, copy them, sell them or give them away for nothing. And the only thing those companies hate more than paying creative workers, is having other people take their stuff without permission."
https://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur"AI is a bubble and it will burst... So what will be left behind?
We will have a bunch of coders who are really good at applied statistics... a lot of cheap GPUs... And we will have the #OpenSource models that run on commodity hardware, #AI tools that can do a lot of useful stuff, like transcribing audio and video; describing images;... These will run on our laptops and phones, and open-source hackers will find ways to push them to do things their makers never dreamed of."
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"AI is a bubble and it will burst... So what will be left behind?
We will have a bunch of coders who are really good at applied statistics... a lot of cheap GPUs... And we will have the #OpenSource models that run on commodity hardware, #AI tools that can do a lot of useful stuff, like transcribing audio and video; describing images;... These will run on our laptops and phones, and open-source hackers will find ways to push them to do things their makers never dreamed of."
"The collapse of the #AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the #StockMarket, and they endlessly pass around the same $100bn IOU.
AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a #finance sector and #tech monopolists run amok. We will be excavating it for a generation or more."
- @pluralistichttps://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur
#Technology #ArtificialIntelligence #Business #Economy #News #World
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"The collapse of the #AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the #StockMarket, and they endlessly pass around the same $100bn IOU.
AI is the asbestos in the walls of our technological society, stuffed there with wild abandon by a #finance sector and #tech monopolists run amok. We will be excavating it for a generation or more."
- @pluralistichttps://www.theguardian.com/us-news/ng-interactive/2026/jan/18/tech-ai-bubble-burst-reverse-centaur
#Technology #ArtificialIntelligence #Business #Economy #News #World
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