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AI the new obsession for venture capital investing

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By Julie JAMMOT

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"We believe that any slowdown in AI will cost lives," wrote the rock star venture capitalist Marc Andreessen last year in his "Techno-Optimist Manifesto."

I'm an AI accelerationist too but venture capitalist Marc Andreessen and his techno-libertarianism could be one of the most dangerous things about a leadup to AGI, ASI and negative outcomes.

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I think AI is great so that the powerhouse countries will just dissolve naturally.

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That's of course not working well, because AI intrinsically can't and won't work correctly. All mathematicians and maybe partly some of the deeper involved IT specialists of course know that for decades, so AI had calmly slept in the desk drawers since the late 1940's for several reasons. OK, who in the world listens to us mathematicians? No one, there's not even a Nobel prize in reach for us.

Anyway, let's generously assume the current AI hype continues successfully and it really would work, predicting great investment chances at a convincing percentage. Then of course nobody will work anymore, instead everyone will be sitting in front of monitors and selling wife, kids and farm for investing 24/7 until everyone is quickly super rich OR all economies and societies are completely devastated, no production, no energy, no police, no hospital and so on, all people only invest with AI tools all around the clock. Chances are higher for the latter then, a complete tumbling down instead of unlimited money wealth.

But no need to worry, as I said, luckily AI in general can't work and it all won't happen this way, but of course now at cost of AI hype soon ending and the theoretical algorithms again sleeping untouched in the desk drawers, where they were and where they belong.

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What does "work correctly" even mean? It's already working well for many things. Of course it could be overhyped, but it's not useless.

AI's been sleeping nowhere. Maybe neural networks were, but there were plenty of other advances in the last decades before deep learning.

That's of course not working well, because AI intrinsically can't and won't work correctly. All mathematicians and maybe partly some of the deeper involved IT specialists of course know that for decades, so AI had calmly slept in the desk drawers since the late 1940's for several reasons. OK, who in the world listens to us mathematicians? No one, there's not even a Nobel prize in reach for us.

Anyway, let's generously assume the current AI hype continues successfully and it really would work, predicting great investment chances at a convincing percentage. Then of course nobody will work anymore, instead everyone will be sitting in front of monitors and selling wife, kids and farm for investing 24/7 until everyone is quickly super rich OR all economies and societies are completely devastated, no production, no energy, no police, no hospital and so on, all people only invest with AI tools all around the clock. Chances are higher for the latter then, a complete tumbling down instead of unlimited money wealth.

But no need to worry, as I said, luckily AI in general can't work and it all won't happen this way, but of course now at cost of AI hype soon ending and the theoretical algorithms again sleeping untouched in the desk drawers, where they were and where they belong.

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