I think people often conflate twoseparate conversations when talking about AI.
1) AI will displace significant amounts of labour in a relatively short time frame
2) AI has been over capitalized and under delivering what was promised. — AGI
Both of these can be true at the same time and likely are.
Yes there is likely a bubble that will burst and do significant economic harm but there will also be a few companies coming out of this that dominate the future and the labour make up of that future will be different.
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