There is clearly a push coming from these companies in the past month to present AI as something extremely dangerous. The way I see it, it’s just marketing for the industry to keep the grift bubble going a while longer still: (1) there’s no such thing as bad press, (2) if it’s dangerous it must also be good. IMO public statements like this is just another element in that marketing campaign.
Maybe the bubble is closer to bursting than I imagine and they’re trying to stretch it out until the US midterm elections end.
I suspect in reality it’s a combination of all those reasons, probably in different amounts for all three.
There is clearly a push coming from these companies in the past month to present AI as something extremely dangerous. The way I see it, it’s just marketing for the industry to keep the grift bubble going a while longer still: (1) there’s no such thing as bad press, (2) if it’s dangerous it must also be good. IMO public statements like this is just another element in that marketing campaign.
Maybe the bubble is closer to bursting than I imagine and they’re trying to stretch it out until the US midterm elections end.
I suspect in reality it’s a combination of all those reasons, probably in different amounts for all three.
The bond market turning means they can’t borrow money cheaply anymore. They are looking for an excuse to reduce capex.