posted in Technology
Nobody Asked for AI
jacobin.com/2026/08/ai-llms-monopoly-bubble-capital
jacobin.comNobody Asked for AIWe tend to think that markets reflect consumer choice. But the artificial-intelligence boom has been powered by the investment decisions of concentrated capital rather than by consumer demand.
Replying to @sanitation@lemmy.today
I remember after the rise of social media, the world was always going towards decentralized finance, blockchain and many other things. Hell even Meta burnt massive cash in metaverse which supported cryptos. But after Covid, the whole AI episode started playing out of nowhere, and even now, the whole push around it just feels unnatural, almost as if staged. Today’s so called AI success is 30% based purely on merit and 70% based on coordinated media management and unsoliciated offerings of desperate investment.
The innovations in AI/ML were always part of the modular infrastructure, specific to the enterprise level products and not su much for the retail users.
Replying to @crimsonsky@lemmy.world
I think the idea of decentralized finance was to normalize company scrip again.
Now that AI can be used to track and geofence workers, you don’t actually need to get rid of the USD. You just need to have an AI flag every transaction that happens 50 miles outside your registered address to be considered fraudulent and rejected. The anti-fraud infrastructure is already there.
Replying to @impairedimperator@lemmy.zip
The whole idea behind defi isn’t just minimizing frauds; it’s literally to decentralize the monetory system and giving the control in the hands of people. The last thing people need is another layer of data collection on top of it.
Replying to @impairedimperator@lemmy.zip
I think the idea of decentralized finance was to normalize company scrip again.
It also makes regulatory scrutiny even harder, enabling many traditional methods of fuckery which have been made illegal in other contexts.