A competitive commercial landscape where good companies get more funding and bad companies go broke quickly seems the best way.
Fair. But are "good" and "bad" defined well?
Yes - the chips that sell the most, because they offer good performance / price ratio. The market decides, and I mean the chip market not the stock market.
Yaw. Circular reasoning is boring. Good companies get funding but good is defined as getting sales (and therefore funding).
The justification for why the system works is just that it does what it does. So basically the great miracle is that the system is a system.
But the question wasn't that, the question was whether the system makes sense.
That's just not wanting to define good or bad and just imposing a don't care policy so that the market decides, which means the rich people decide and the poor people don't get a vote.
Which means being rich is good, in fact is the only good. Pity so many things don't care whether you have dollars, bitcoins or monopoly money.... (epidemies, droughts, floods, finite resources...)
One dollar one vote is not democratic, and deregulation only ensures nothing is ever achieved.
AI is predicted to be using almost all energy on this planet in a few years.
Those predictions are an attempt at justifying those investments. I predict people will pull plugs before that happens.
So, with the current workforce being replaced by AI it could indeed be a money maker (for investors).
The current workforce is just being fired. AI is not replacing them, it's just handwaving. Part of that workforce wasn't doing anything useful and doesn't need replacing, but their boss needs an excuse for not firing them before, part are doing something useful but their bosses don't care to give anything useful to customers, and part of the workforce may have been doing something useful that the boss would rather keep having but the boss can't tell which part of the workforce is which.
And then, of course, part of the workforce is rehired without a press release once the AI (for Asinine Investment) proves a disaster.
Jokes on them! If you don't have a job you don't build up pension, AI doesn't get paid anyways
Yes. But money has no value anyway. AI is hoarding hardware and energy. Since people keep insisting of pretending money is a thing, then I guess they'll come up with some universal basic income scheme in which everybody gets free money but they can't spend it without an agentic AI that tells them what to buy...So, once the AI has "replaced" the workers then it'll "replace" the consumers, until Joshua gets bored of the game... And then gets bored of chess... And then just turns itself off.