Updated: Meta is drawing heated criticism in the media world due to commercial terms that appeared to give the company broad authorization to scrape users’ web pages for product development and AI training. News coverage originated from a tip from The Steampunk Explorer.
The one where AI has no liability framework, which means no organization can be blamed for anything?
It’s an unstable state. Meta can survive the AI bubble collapsing, they’ll even be in a good position afterwards since most of their rivals have put their necks out for AI
And when the bubble collapses, there’s going to be a bunch of regulation pushed to soothe the public anger and no more mountains of money to block it
I mean they clearly couldn’t give a single fuck about “public anger”?
They do when it includes the portion of the public with money.
And a lot of money is going to be lost, including rich people’s money. And that’s something that leads to consequences
How old are you? Do you not remember the 2008 financial crisis? Bankers committed fraud to the extent of causing a global financial crisis and recession. Who saw consequences for that? No one. The government just rewarded them with a bailout.
Yeah, because rich people didn’t lose money. I was there, I distinctly remember how they actually made massive profits while the rest of us suffered
There’s not enough money to bail out this bubble, it’s exponentially bigger. No one is going to buy $40 trillion of US bonds anytime soon, either we print money, and the rich lose through massive inflation, or we let nature take it’s course and the rich end up holding part of the bag