If AI Takes Over, It Takes Our Jobs... BUT If AI fails... We Also Lose Our Jobs...

Video Description

To learn for free on Brilliant, go to http://www.brilliant.org/howmoneyworks. Brilliant’s also given our viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant. ----- Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig ----- My Other Channel: @HowHistoryWorks @HowMoneyWorksUncut Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #ai #money #jobs ----- Nobody knows what the future of AI really looks like, but no matter which way it goes it does seem like we have put ourselves in a position where; if AI fails, the entire economy collapses with it and we all lose our jobs… but if AI succeeds, it will only be because… it has TAKEN all of our jobs… Whether we like it or not, our immediate economic future is riding on the success or failure of this technology. Just the top companies are on track to spend 400 BILLION dollars on data center buildouts this year ALONE and the entire stock market has clearly been buoyed by investor hype around what this technology could do at some… undetermined point in the future. Now that has done two things in the short term… Trillions of dollars worth of data centers may (or may not) turn out to be a spectacular waste of money, but (at least for now) they are providing tens of thousands of high paying jobs to engineers, tradesmen and technicians all across the country. The same goes for the stock market… these impressive gains may (or may not) be backed up sustainable fundamentals, but (at least for now) people who have seen their portfolios double in value over the last three years are feeling pretty good about treating themselves to a bit of conspicuous consumption, helping to keep the rest of the economy afloat. Now I know the problem of our entire economy being kept alive by unsustainable capital expenditure and questionable financial gains is not exactly shocking news to anybody any more… In fact if you are watching this video there is a good chance your entire subscription feed hasn’t shut up about the AI bubble all year… and in our defense, if this bubble pops it will probably take the rest of the already shaky economy down with it… This also makes the fact that people are treating it like a foregone conclusion all the more dangerous… But perhaps we have all been missing the more important question, which is… What does a good outcome actually look like at this point? Is there any way that we could still quietly back out of this unscathed?