

I keep being told by experts that AGI is inevitable. Yet all I ever see is people constantly go on about LLMs, so I don’t know what to think. Are they lying, is it all just a bubble that’s going to burst or is there actually some utility there that is being hidden by the LLM hype? If so, can’t we just use the actual AI rather than these other things.
Would they though? I think if anything most industries and economies would be booming, more disposable income results in more people buying stuff. This results in more profitable businesses and thus more taxes are collected. More taxes being available to the government means better public services.
Even the banks would benefit, loans would be more stable since the delinquency rate would be much lower if everyone had better pay.
The only people who would lose out would be the idiot day traders who rely on uncertainty and quite a lot of luck in order to make any money. In a more stable global economy businesses would be guaranteed to make money and so there would be no cheap deals that could be made.