Posted by hubraumhugo 19 hours ago
The tech oligarchs are certainly panicking, given how they are acting cute now, like "space laser didn't work lol" and "Ram Altman" etc.
But I'm guessing, the market is panicking because it don't know what exactly the democrat would do to AI developments, so maybe some clarity from the party could fix it. More clear than "lowering living costs" that is.
It's not like people will forget that they were predicting it. If it is inevitable it will happen, if it isn't inevitable it still might happen. If it bounces back it still might happen six months down the track. Declaring it to have already happened seems reckless if your intention was to inform. We will know soon enough. I guess at least they have staked their credibility on something falsifiable. It won't make them retroactively less reckless if they turn out to be right but it'll make them seem particularly foolish if they are wrong.
That on something big if you have enough people constantly predicting it's upcoming failure people just keep investing anyway keeping it going. Never really sure if something is on life support or not.