The scary part though is blockchain is actually a buzzword when it comes to profiting within a business. Having an impermeable ledger that’s computationally expensive really doesn’t further profits outside of being a shitty product that can be offered.
Having an AI that can do in 5 seconds what took a set of PhD data scientists with no morals to do in 5 weeks is more frightening. (Yes I know the data scientists are the ones now training and using the AI)
Immediate pricing model to determine maximum profit every few seconds based on aggregate sales, market conditions, and demographic targeting? Check
Determining minimum viable wages and benefits to keep employee retention while continuing to grow profits? Check
Figuring out every tax and legal loophole to avoid paying taxes by going through trillions of transactions? Check
Determining “maximum cost of human life” or “maximum environmental impact” that won’t be detrimental to profits? Check
Planning product launches specifically around planned obsolescence? Check
Sabotaging competitors through social media and other means? Check
The list goes on and on, but AI is by no means a buzzword in business circles. It is a way to hyper-accelerate capitalism.
The big investors in AI don’t give a shit whether or not it makes for a good chatbot. They want a drop-in CEO that can accelerate quarterly profits per compute cycle.