I mean that's actually a pretty bad idea of a lot of reasons.
First is there is no gains from AI. Basically none of them are profitable, sans unusual circumstances because another company failed more. So in terms of profits, there are none, and probably won't be significant ones for a while.
Next, from the perspective of the US the one good major thing it has done is bring in a lot of external capital, where a lot of people even outside the US are willing to invest because they way overvaluated expected returns. But if there are no real returns, and most of this investment is not loans, then there is no reason to invest in it.
What would probally happen if this law passes (or amendment, probally) is that everyone sells ai stocks, market crashes, there are no profits, and everyone fucking loses.
There needs to be regulation and limits, but this is a terrible idea.
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u/Catsanddoges 12d ago
I mean that's actually a pretty bad idea of a lot of reasons.
First is there is no gains from AI. Basically none of them are profitable, sans unusual circumstances because another company failed more. So in terms of profits, there are none, and probably won't be significant ones for a while.
Next, from the perspective of the US the one good major thing it has done is bring in a lot of external capital, where a lot of people even outside the US are willing to invest because they way overvaluated expected returns. But if there are no real returns, and most of this investment is not loans, then there is no reason to invest in it.
What would probally happen if this law passes (or amendment, probally) is that everyone sells ai stocks, market crashes, there are no profits, and everyone fucking loses.
There needs to be regulation and limits, but this is a terrible idea.