There’s a very real/significant risk that AGI either literally destroys the human race, or makes life much shittier for most humans by making most of us obsolete. These risks are precisely why OpenAI was founded as a very open company with a charter that would firmly put the needs of humanity over their own pocketbooks, highly focused on the alignment problem. Instead they’ve closed up, become your standard company looking to make themselves ultra wealthy, and they seem like an extra vicious, “win at any cost” one at that. This plus their AI alignment people leaving in droves (and being muzzled on the way out) should be scary to pretty much everyone.
I'm not sure this is true. If all the things people are doing are done so much more cheaply they're almost free, that would be good for us, as we're also the buyers as well as the workers.
However, I also doubt the premise.
Doesn't this tend to become "they're almost free to produce" with the actual pricing for end consumers not becoming cheaper? From the point of view of the sellers just expanding their margins instead.
Over the last ~ 50 years, worker productivity is up ~250%[0], profits (within the S&P 500) are up ~100%[1] and real personal (not household) income is up 150%[2].
It should go without saying that a large part of the rise in profits is attributable to the rise of tech. It shouldn't surprise anyone that margins are higher on digital widgets than physical ones!
Regardless, expanding margins is only attractive up to a certain point. The higher your margins, the more attractive your market becomes to would-be competitors.
[0] https://fred.stlouisfed.org/series/OPHNFB [1] https://dqydj.com/sp-500-profit-margin/ [2] https://fred.stlouisfed.org/series/MEPAINUSA672N
This does not make sense to me. While a higher profit margin is a signal to others that they can earn money by selling equivalent goods and services at lower prices, it is not inevitable that they will be able to. And even if they are, it behooves a seller to take advantage of the higher margins while they can.
Earning less money now in the hopes of competitors being dissuaded from entering the market seems like a poor strategy.