☆ Yσɠƚԋσʂ ☆

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Joined 6 years ago
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Cake day: January 18th, 2020

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  • I think the example holds up fine actually. The difference is that in the second example the company decided that AI should be used here, and never consulted the worker about the process. That’s the key part in the whole thing, and this sort of thing has been happening long before AI I might add. Business people decide on some arbitrary timeline they pull out of their ass, and then it gets handed down to the workers who’ve never been consulted about the feasibility, then when the timeline can’t be met or the quality is shoddy, it is the workers who are blamed.

    The AI itself is incidental to a more general problem that the worker is put in a situation where it’s basically impossible for them to do a good job with the time and resources available. What makes this case a reverse centaur is that AI is the driving force, and the human is expected to clean up after it, but without even having the proper resources to do so. The whole reason the human was in the loop in the first place was precisely because everybody knew you can’t trust AI, so there needed to be somebody to blame in the loop.





  • It does actually matter. While the US isn’t going to go bankrupt as a result of printing money, there is a real consequence within the framework of the way the system actually works. They can issue infinite currency, but the two problems they have are inflation and debt payments. Inflation devalues the currency, while higher debt payments mean that there’s less operational budget available. So, end result ends up being less money available for productive purposes as more and more of the budget ends up being allocated towards interest.

    The government doesn’t just print cash and hand it out either. What actually happens is that they issue Treasury bonds instead with the understanding that private interests buy them and the government will pay back later with interest. These bonds are then bought up by pension funds, foreign governments, big financial institutions, etc.

    When the government prints too much money or issues too many bonds, the bond holders start getting awful nervous about their investment because they wonder if the dollars they get back in ten years will be worth the paper they’re printed on. So they demand a higher yield to cover the risk. It’s not unlike a credit card company jacking up your rate when you miss a payment.

    Rising bond yields, in turn, make the government’s interest payments go up. Bigger and bigger checks need to be paid to the people who lent the money, which further reduces the operational budget. Today, that sum is already sitting at over a trillion dollars a year. It’s money that’s just flowing out of the treasury and straight into the accounts of bondholders.

    And of course, as you note, the other problem will be that the rest of the world will start dumping dollar because holding US bonds will mean losing money as the dollar continues to depreciate in value.




  • That’s not the analogy he’s making. What he’s saying that if it is a human driving the tool and making decisions about when and how to use it, then it becomes a force multiplier for them. However, if you have the reverse situation where the tool is making executive decisions, and the human is subordinated to the tool, then it becomes a problem. What he is pointing out is that a lot of companies mandate using AI tools because it’s a hip thing to do, and then people are forced to use these tools in a way that doesn’t actually help them do their work. Like the example he provides where the person was given an unrealistic amount of work to do, and then AI hallucinated a bunch of shit that person had no hope of actually verifying in the time they had. So, the person just ended up being a scapegoat for a bad process.