Photo Above – Actress Scarlett Johansson recently filed suit against Open AI for impersonating her voice with their latest chatbot. And for getting the number of fingers on her hand wrong, which AI image programs always seem to do.
Full disclosure: this writer does NOT own a Tesla EV car, or have any Solar City roof panels (owned by Musk), nor is planning a trip to Mars on Musk's spaceship. But now Elon Musk is starting his own artificial intelligence corporation “X.ai”. And he says artificial intelligence will throw us all out of work, AND make us millionaires at the same time. See link below.
Don't laugh – even though Musk's X.ai is starting in last place, and is years late to the AI party, it's already valued at $18 billion. Hopefully someone there will write the first line of X.ai code soon. Trump's “Truth Social” (ticker symbol: DJT) was (briefly) worth $18 billion too. It's less than half of that now.
In a financial race pitting Musk against Trump, my money's on Musk. But his "everyone becomes a millionaire" claim does seem to be complete B$.
Here's all the existing AI companies Musk promises to leapfrog: OpenAI; Meta; Alphabet; Microsoft; Adobe; IBM. Even Amazon has its own AI division. Probably WalMart, as well. Musk, you have your work cut out for you.
None of this is why I think the Musk's claims are B$, however. I just don't believe we'll all be retired. And loving it. Because we'll all be millionaires. But probably not on Mars.
You'd think a boy born in Africa (Musk is from Pretoria) would have a greater appreciation for poverty, and subsistence economies. Elon spent the first 17 years of his life in South Africa, before fleeing to Canada to avoid military service. He later ditched his Canadian citizenship to become an American. But you don't have to remember your Africa roots to realize there's a LOT of poverty in the world. You can turn on your TV and see it in Chicago, Detroit, and California – which Musk recently fled to reduce his tax bill. But in the future, we'll all be millionaires, and not need to worry about taxes, right?
I'm being too hard on Elon, I know. It's possible that AI will lead to a better world. But probably not one with unlimited money, which means unlimited consumption, and unlimited pollution.
In the meantime, a few people ARE becoming rich from AI. News corporations are firing reporters, stealing content, and putting it behind their paywalls. There's an OpenAI chatbot which impersonates Scarlett Johansson. You can even get deepfake X rated porn based on Taylor Swift's music videos. All of these presumably are making SOMEBODY rich. It's only natural that Musk would want a slice of this pie.
I'm just NOT buying the claim that every person in Detroit, Chicago, South Africa, and Somalia will retire with million-dollar bank accounts because of a couple of clever software algorithms. Does anyone remember the story people were fed in the middle of the 20th century? Nuclear power was going to make electricity so cheap they wouldn't even bother with electric meters or bills?
I'm just sayin' . . .
~Elon Musk expects AI will replace all human jobs, lead to 'universal high income' | Fox Business~
https://old.reddit.com/r/economy/comments/1d0ct6h/musk_predicts_ai_will_make_us_all_millionaires/
by baltimore-aureole
13 comments
We’re not going to Mars, we can’t even make a base on the moon.
If we are all millionaires, then we are all poor.
If a world of finite resources, you can’t be rich unless there are a lot more poor.
The way costs are going we need to be a millionaire to eat out once a week at McDonald’s. /s
So then 1 Big Mac will cost half million dollars
It’s simply rhetoric and propaganda to get some public support and public investment in AI so he and other wealthy elite can horde more wealth.
You mean inflation?
You mean inflation?
Elon Musk says a lot of nonsense, why do people still listen to him?
We will all be rich when we abolish the primary cause of poverty: capitalism.
When everyones a millionare, nobody is.
Sometimes I don’t think Musk is grounded in reality. He is a visionary but visionaries are often wrong.
He has no concept of the value of money.
A million used to be a lot of money but if everybody has a million it kind of loses its status
It will happen when the price of a hamburger is 78 dollars.