r/AiNews24x7

🔥 Hot ▲ 69 r/AiNews24x7+4 crossposts

DeepSeek just turned down Tencent's offer for a 20% stake. That detail is being buried in the funding story but it is the most interesting part.

u/Odd_Row1657 — 4 days ago

This paper basically proves every company automating jobs is digging its own grave and nobody can stop it

Just came across "The AI Layoff Trap" which is a research paper wrote by two economists and it kind of broke my brain a little.

The basic argument is that AI layoffs create a demand externality. Basically, every worker you automate away is also a consumer you've deleted from the market. Automation for businesses is rational cause it saves time and is more efficient etc. However, it will also be the companies' downfall. Similar to the classic prisoner's dilemma problem, but applied to the entire economy. This isn't just now an American or European or China problem. We all need to be thinking about this.

link to the article I read for this https://mrkt30.com/the-ai-layoff-trap-congratulations-youve-been-automated/. It's hard cause I think AI is a good thing for working as it streamlines processes and I now use it every day. But I worry about how it will be used in the future and what the future will look like for my children and my children's children.

u/Odd_Row1657 — 12 days ago