Press enter or click to view image in full sizePhoto by Nahrizul Kadri on UnsplashThe entire premise of the AI boom makes no sense. But it was never meant to.
The AI boom is idiotic, needlessly complex, and wrapped up in a huge amount of convoluted propaganda that makes it nearly impossible to unpick it all and figure out what the hell is actually going on. What we need is a helicopter view. Something that helps us cut through the crap and get a lay of the land. Only then can we chart a way forward that doesn’t end in disaster. There is one simple graph that does this better than anything I have ever seen. However, it is truly terrifying, and not for reasons you might think, because AI has very little to do with AI.
The logic surrounding the AI boom is utterly moronic. The idea is to gamble the entire Western economy by heavily investing in technology that will wipe out almost all jobs. It is a lose-lose scenario. If the bet fails, the economy crashes. If the bet succeeds, the economy crashes. And this graph shows that this is precisely what is happening.
Press enter or click to view image in full sizeSource: QEX Management
Above is a graph of the value of the S&P 500 (in green), an index fund of the largest 500 companies in the US, and the total number…