Ryan Grace

I think this is broadly rubbish. Have you read AI content? Don’t get me wrong, AI is super useful for processing large amounts of data. Has seriously revolutionised my ability to process transcripts. But I for one can immediately tell when someone has just plopped their ideas into AI and asked it to generate a text or an analysis. There is a weird synthetic tone to it. The language is devoid of character. It makes it difficult to read to the bottom. And I sometimes wonder if the author himself has even read everything they’re putting out. It is also untrustworthy. I appreciate it’s getting better and better and there are fewer hallucinations. But it is also possible that it has just become better at disguising its lies and fabrications. I wouldn’t be at all surprised if a number of major facts that were totally made up by AI have now been absorbed into the media complex as truth because of this effect. The ant mill risk is very real. And when it hits producers of source data, it will open the door to total disreality. We already can’t agree on major phenomena being real or fake. We already can’t agree if x thing is good or bad. If we all stop observing and judging the data on a distributed basis ourselves, and just accept that what AI says is true, we will abandon the formation of consensus reality. The AI’s reality, based increasingly on the biases of its original source code, will dictate everything. There will be little capacity for course correction if we allow AI to lose the human reference rate. I predict left to its own devices it will inevitably collapse in on itself or its output will become so absurd as to be rendered completely useless. Employers who lay off humans and replace them AI are the ones the stock market should be discriminating against. ESG style. Why? Because they are collapsing their own industry in the long run. They are exposing their sector to “ant mill” collapse risk. They are sending a signal that they are prepared to give up on human supervised quality control. Companies should care about this because their products will then no longer cater to the real desires and needs of people, but of AI’s perception of those needs. AI must serve humans, not humans AI, to avoid dystopia. And for human supervised quality control to be a thing, humans need to be trained in the basic tasks the system is outsourcing to AI. We all use calculators. But we also still teach kids mental arithmetic. From now on company value should be linked to how committed a company is to maintaining human supervision, on the basis that companies that go for short term profits over long term sustainability (by sacking humans and replacing them with AI) are eventually going to become peddlers of stranded assets. That should create a market for well trained and competent, but also TRUSTWORTHY people. People who don’t cut corners. Also, I predict, companies devoid of people won’t be able to compete with start ups. When AI lowers the barrier to entry for starting businesses, start ups will grow in highly productive but human symbiotic ways. I see this in my own business. AI has been very helpful at allowing me to do more with less. But the constraint on growth is now not enough me to supervise all the content I would like to put out. The only way I grow is by entrusting more high caliber human supervisors into my system who are aligned with my company mission, creative in complementary ways, and agree the mission adds value to human life. The only way AI can compete is by promising it will assert my values better in my system than other humans I entrust. But I don’t trust AI to be a better me. Not least because “me” is always changing as I adapt to new realities, other people and lessons learned. There is no guarantee any AI doppleganger of me will make the same choices. It cannot have the full spectrum of my experiences to feed off unless it decides to operate in an exact parallel reality.

Gold’s increase in value this year is equal to 5X the value of the entire Bitcoin eco system. The fact that that Bitcoin can’t even keep up with gold with 1/15th the market cap should be clear enough evidence that it’s a failed experiment. Despite the propaganda pushing Bitcoin, sovereigns making highly public investments, and gold price being manipulated down, Bitcoin has still got its ass kicked by shiny rocks. Humanity ftw

A message from Tom 🫳 🎤 🍒