jobbies comments on SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar

Technology

88,476 readers

14,616 active

3,464 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 3 years ago

moderators

[–] jobbies@lemmy.zip 1 point 3 months ago (1 child)

I dunno man. Whatever way it goes it doesnt look good for capitalism.

Say its a huge success and they manage to achieve AGI - then comes mass unemployment, mortgage defaults, slow down in spending...

There's also a lot of disgruntlement left over from the 2008 crash, and economies never really recovered from that. Climbing out of whatever comes next is going to be a much bigger challenge. It might be easier to start over.

permalink

fedilink

source

parent

hideshow 1 child comment

[–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago

Frankly, for investing, AGI shouldn't even be on your radar. AGI can only result in three outcomes - extinction, complete totalitarianism, or some sort of communist system. Most likely any AGI would just kill us, probably by accident. But even if they manage to control it, then what? You quickly end up with one or a handful of AI companies owning literally the entire economy, producing everything. At that point capitalism is done. Either we allow the new oligarchy to exist indefinitely (totalitarianism) or we nationalize the companies and go full Star Trek.

What these AI companies miss is that true AGI is incompatible with capitalism. Capitalism doesn't work when only 1-3 companies make all the goods and services in the economy.

Your point on 2008 is valid though. There's a lot we just swept under the rug instead of dealing with properly.

permalink

fedilink

source

parent