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Another piece on AI notices that it will destroy capitalism itself

Here; the key bit:

The closer you look, the more you see doom loops everywhere. Journalists, for example, used to publish work under the assumption that online platforms would drive readership to them. But now, tools like ChatGPT and Google’s Gemini simply summarize their articles without sending readers to their sites, sparking a crisis that seems poised to wipe out the independent media.

Similar stories are playing out across other industries, from music to filmmaking. Writ large, many are concerned that AI will eventually be strong enough to wipe out huge numbers of jobs, creating a situation in which unemployed consumers won’t have the funds to support the economy.

While the piece’s focus is on creative and written word industries, the point applies more generally (as we have had occasion to note previously).

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