Geoffrey Hinton: “What’s actually going to happen is rich people are going to use AI to replace workers,” he says. “It’s going to create massive unemployment and a huge rise in profits. It will make a few people much richer and most people poorer. That’s not AI’s fault, that is
ECONOMY
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AI Training on Books: Legal and Economic Implications
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They'll only lay you that $3,000 if they are caught pirating your book – if they buy your physical book (or a second hand copy) they can train on it for much less money than that
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AI Training Data and Book Economic Value Impact
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I'm don't think that an AI company scanning a book for training data completely destroys the economic value of that book
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AI Training on Books: Legal Loopholes Harm Authors
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A book is only worth $3000 if the AI company illegally downloads it and gets caught If the AI company buys a used copy for 50 cents and destructively scans it (which apparently is allowed now) the author gets nothing
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25 AI customer success stories: value creation and revenue impact
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25 customer success stories of #AI's impact on value creation, cost reduction, and revenue generation:
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US Unemployment Exceeds Job Openings: AI’s Impact on Entry-Level Jobs
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The US now has more unemployed people than job openings for the first time since April 2021. I'm not saying that AI is the decisive factor here. But it certainly doesn't help graduates find entry-level jobs. The job market as a whole is becoming increasingly challenging in the
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EU-Inc Platform Simplifies European Company Formation for Startups
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You can already do that with european law. Eu-inc just makes a platform to do that easier. Check http://
proposal.eu-inc.org Also this isnt really a big issue for most startup Small? Freelance / EoR worstcase
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High valuations without low interest rates economic shift
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Numbers don’t mean a thing anymore. Welcome to shitty zirp. All the high valuations, none of the low interest.
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Diversify investments: own business and global markets
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Diversifying makes more statistical sense Invest in your own business AND invest in the rest of the world
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Post-AGI Investment Strategy: Economic Impact on Commodity Prices
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Great thread about investment post-AGI I've been thinking a lot about it recently and switching my investments up a bit Post-AGI there's a prediction the prices of almost everything will go to close to zero Think for example the food you eat, if it can be farmed fully