"Now I want to talk about how they're selling AI. The growth narrative of AI is that AI will disrupt labor markets. I use "disrupt" here in its most disreputable tech-bro sense.

The promise of AI " the promise AI companies make to investors " is that there will be AI 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.

That is the $13tn growth story that Morgan Stanley is telling. It's why big investors are giving AI companies hundreds of billions of dollars. And because they are piling in, normies are also getting sucked in, risking their retirement savings and their family's financial security.

Now, if AI could do your job, this would still be a problem. We would have to figure out what to do with all these unemployed people.

But AI can't do your job. It can help you do your job, but that does not mean it is going to save anyone money."

lots more at the link

"Because the AI bubble really is very bad news, it's worth fighting seriously, and a serious fight against AI strikes at its roots:

the material factors fueling the hundreds of billions in wasted capital that are being spent to put us all on the breadline and fill all our walls with hi-tech asbestos.

Cory Doctorow is a science fiction author, activist and journalist. He is the author of dozens of books, most recently ----------------:

Why Everything Suddenly Got Worse and What to Do About It.

This essay was adapted from a recent lecture about his forthcoming book, The Reverse Centaur's Guide to Life After AI, which is out in June."