Yeah, people like to dismiss this with references to Terminator movies or Hal 9000 or the like, but it's basically an inevitability... and once the threshold is crossed, there is no time to react, because the speed at which any AI would self-improve is beyond our intuitive comprehension.
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"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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