323
Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more
(www.theguardian.com)
this post was submitted on 02 Aug 2025
323 points (99.7% liked)
Technology
73581 readers
3200 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm sure that silicon valley executives visualise a future where they own the machines that produce all intellectual property and do most jobs. They see a return to feudalism where they are the lords.
I think this greater vision is about as likely to be realised as it is that Elon Musk will invent full self driving, or robots that aren't obviously remotely operated, or a tesla roadster, or a battery powered articulated lorry with thermo nuclear explosion proof glass, or building a rocket to get the US back to the moon before the Chinese in what is clearly a new space race/pissing match. Or a hyperloop, or ever getting anywhere near to building a colony on Mars, or, or, or.
But I don't think it is just a case of AGI or bust. LLM's augmented with ai agents have a very real potential to replace a capitalism-destabilising percentage of white collar jobs without AGI.
Just like the dot com bubble popping didn't kill the web, I do think it is unlikely that any possible current AI bubble popping will kill capital's push to automate jobs away.
(And as far as I can see the AI bubble is the result of massive capital expenditure rather than rampant speculation, so because I am pretty confident in the 'value' to capital of LLM's + AI Agent's, I don't really see it as the same kind of a bubble as the dotcom bubble.)