Just like the "if the lines continues to go up" argument...
The thing is, no one has anything to gain from defending my position, but many people make a load of $$$ from selling the opposite position to gullible people
> The thing is, no one has anything to gain from defending my position
Why? If someone running a company really believes that the line will soon stop going up and AI won't be replacing anyone, they could make the bet of strategically not investing in any AI initiatives, and instead investing in hiring and upskilling people who want to work without AI, and then just wait for the inevitable crash of all their competitors, no?
But that's circular - assuming that large investors are rational, and I do think they generally are, why wouldn't they strategically invest in anti-AI businesses?
Why? If someone running a company really believes that the line will soon stop going up and AI won't be replacing anyone, they could make the bet of strategically not investing in any AI initiatives, and instead investing in hiring and upskilling people who want to work without AI, and then just wait for the inevitable crash of all their competitors, no?