AI, UBI, and the Future of Work. Here's Why ChatGPT is Here to Stay and so is Hive...
AI is here and it is here to stay, just as automation is.
Technology? I have nothing against it. I've stated that quite a few times on my blog. If it weren't for technology, 40% of Americans would still be working in agriculture. Agriculture labor is not fun, which is why now only something like 1.3% of the US population is farming.
Rednecks have tractors and all sorts of tools that make their lives and labor easier. I remember reading a few months ago that some company was at that time testing a fully autonomous tractor, which means productivity is going to exponentially increase. But at what cost?
It took Mercedes probably a few weeks back in the day to "weld together" a good old Merc, and they're probably doing that at the moment in a couple of days span. New Mercs are not as good as old ones, and it's not the fault of technology. It's consumerism that pushed society into such a nightmare.
According to Goldman Sachs, it forecasted that AI will take over something like 300 million jobs over the next ten years, which makes me think that corporations will benefit the most from this AI revolution. While certain individuals will be able to leverage it for themselves in the next couple of years as competition tightens (more and more plebs will use AI for freelancing...duh), things are going to start hitting the fan even for these lucky early adopters.
Some are calling for government regulation of AIs like ChatGPT, but that will work as efficiently as it did to ban Bitcoin. I don't know if you've already read it, but Hong Kong will be open for crypto trading once again. What did they do all this time? The way I see it, they just stepped aside and let other countries leverage cryptocurrency while Hong Kong paused so it could watch and see.
There's no doubt that technology has created millions of jobs over the years, but AI is not just the next level of microchips. AI is a direct competitor to whatever human activity we can think of...sort of.
Automation is simply widening the gap between social classes, the way I see it. The rich are going to get richer while the poor are going to get poorer. I don't know how much trading in traditional assets or crypto is currently being conducted by AI, but from what I know, BlackRock has been using it for quite a while.
Hence, you can only imagine how hard it will become to outperform AI in trading crypto or anything else in the years to come. AI will take many jobs, and probably yours might be next on the list. I read yesterday a post by @ladyrebecca on how she lost her freelance job because of AI (ChatGPT), and it got me thinking.
Luckily, ChatGPT-generated content is not encouraged on Hive. Thus, for now, full-time bloggers might still have a chance. Despite what some think of that (Hive turning into a dinosaur by not flowing with the flow of AI), I prefer sticking with the dinosaur and being organically involved with the blockchain.
It's because I can foresee, or at least I believe I am able to do so, what's to come. Many of us will end up being forced into accepting a UBI thanks to AI killing his/her job and all the drawbacks UBI comes with, but more on that in a future post. Don't kill the messenger, though. I'm not against anyone using AI.
I respect free will, but this is how I see what's to come in this regard.
Thanks for your attention,
Adrian
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Yeah I wonder how many entertainment/ news articles are written by AI and edited by a human.
I think it would be interesting to see how AI would do with trading, obviously it would be hard for someone to stay glued to their screen 24/7 but an AI, or multiple AI's trading constantly could be profitable.
I heard about Blackrock and their super computer that deals solely in trading stocks. It's able to predict future outcomes based upon a lot of data. AI on that level, available to the public would be good for the average Joes who aren't good at trading. I know there are bots who can do it, but they're hit and miss as far as I've read.
Aladdin of Blackrock is scary.
Quite so. Once the cat is out of the bag there's no getting it back inside. What scares me is that no one seems to be talking about the social implications of the AI revolution of the labor market. Imagine millions of young people unable to find a job, angry, disillusioned... that spells massive social unrest to me...
That's the plan...
A very interesting topic for me at present, this ChatGPT. Particularly in the light of Hive original creative content. Some may begin using ChatGPT to write their blog posts, so the landscape may inevitably shift even here on Hive. After all, how do we regulate or restrict the use of the AI regarding original written content? How will we even know what is Ai written or human written?
As for AI being used in stock market trading - Blackrock is not the only company using Merlin AI trading. Apparently numerous other mega corps use it. So AI is probably already dominating the entire trading world, making large amounts of trades in milliseconds. AI trading will explode even further now with retailers also being able to access AI with ease.
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Hive being a community means that we will be able to spot when someone will use AI to write entire blog posts. Plus from what I know hivewatchers is going to "update itself" for tracking such content. If I were to start creating such content my followers would notice that and this will apply to each and one of us. Hence the community will filter original content from such crap.