Sci-fi author and digital activist Cory Doctorow on the AI bubble: “The promise AI companies make to investors is that there will be AIs 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. (…) But AI can’t do your job.”
Summary
- Why investors love growth stocks, and why a tech company always needs a fresh, compelling narrative to remain attractive to the market and key talent.
- Expanding copyright to cover AI training activities would cause more harm than good, benefiting tech companies over creative workers. Instead, workers should focus on restoring sectoral bargaining rights to improve their conditions.
- The AI bubble is fueled by myths that AI can replace high-wage workers, not concerns over deepfakes or AI safety. Popping this bubble requires addressing the material factors driving excessive investment, not just peripheral issues.
