alt Hacker News> If AI suddenly makes it possible for a law firm to be run with a skeleton crew, then what's stopping all those people you fired from starting new law companies, where AI also does most of the work, and competing with you for the same market?
Money. They won't have the money to pay for the tokens, or the best models, because they'll be unemployed. They also won't have the connections to get the clients.
When you're playing a game of "who has the best capital," the scrappy underdog worker with vastly less won't win.
The idea that making the economy even more capital intensive will some how equalize things is an insane fantasy only a software engineer could swallow.
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The government and collectives in general could easily help provide this.
If enough people are out of work they will obviously band together
Sorry that's no realistic. People start businesses, including law firms, all the time with little to no capital.
Assuming token costs will be prohibitive assumes:
A) tokens will be really expensive and B) you need to fund tokens before you have revenue.
Your asserting AI makes the economy more capital intensive, when I think you'll see in practice it's the opposite.
It's ok. AI will have replaced most VCs by then and increase the efficiency of capital allocation. The right people will get funded, competition will work it's magic, and consumers will benefit mightily. Nobody's profit margins are safe.
Of course, who knows. There's always another angle you can look at this from
So you’re saying banks (who can loan new money out of thin air) will end up being the winners of all this.
There's definitely going to be cheap or open source models
Eventually AI-run banks will refuse credit to non-AI customers, directly or indirectly
It has become a meme at this point but this sentence still stands: "The underlying purpose of AI is to allow wealth to access skill while removing from the skilled the ability to access wealth".