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Soundwave on 06 March 2024
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Chrkeller said:
Soundwave said:

I didn't invest in any stocks specifically for AI. I own stock in thousands of companies, much of it inherited, I don't vet every company individually, virtually no investor does that, when you buy even a standard index fund, you buy just that ... an index of hundreds of stocks. 

Your second point there doesn't make sense. Are "family values" somehow not valuable just because Trump said it and slept with pornstars? That doesn't mean there isn't value or truth in having basic family values because a disliked politician said it. 

You're fixated on the wrong things.

I'm insulated better probably than most on this board too, I'm well off, I'm in an industry where I'm self employed and don't have to worry about being laid off. No one is going to call me into an office and say I'm fired. I haven't had to work a day in my life for the last 15 years really. The fact that I am still concerned about where this is headed probably should be a warning to people who aren't in that position. If I'm worried, I'll still be a lot better off than a lot of people if this shit goes sideways. 

I guess I'm just old school.  I believe people should practice what they preach.  

It should worry you when people who stand to profit from this are even iffy about it. 

I haven't invested in any company on the basis of their AI business, it just happens that many tech companies have in the last 2-3 years become heavily involved in this. Almost anyone that's putting a standard index fund buy into their 401k or whatever is going to own Microsoft, Nvidia, etc. etc. That doesn't mean they have no right to talk about what might be the largest society changing aspect of the next 30-40 years. 

The fact that Sam Altman, the head of OpenAI, someone who stands to make billions of dollars from this can't sit in front of a TV camera and state there is no risk, no serious dangers involved with this technology when he has every reason to say it's the greatest thing since sliced bread should worry people. In fact in front of congress, under oath I believe he straight up admitted AI could wipe out humanity. That's the fucking guy who stands to profit the most from this, lol. That should be setting off some alarm bells for people. 

Last edited by Soundwave - on 06 March 2024