Yeah. Let's not forget that just a year ago, those of us in tech could not conceive of developers getting replaced by AI. Things have come so far since then however that there are multiple studies showing junior developer hiring has slowed down to a crawl.
That's the big question, how prices evolve if LLMs increase supply. Standard economic theory says that prices must collapse. There is probably still a short time of 2-5 years where AI native firms can pocket in quite some arbitrage but I guess markets will eventually figure it out and prices will collapse.
This is not only for law. The same applies to all the other industries where LLMs can be used to automate work tasks.
That's a problem if you live in a country with politically illiterate voters. That's why education is so important in democracies so people don't fall for such crap
Interesting question. What is work? Is playing with your children work? Is talking to elderly people work? I think a lot of things we have outsourced to "professionals" is considered work now and was considered "just normal life" before.
to me work is anything that i am obligated to do, that i can't say no to even if i'd rather do something else. (and yes, doing housework and raising kids is work, and as a society we should treat it as such. that is, we should recognize that stay at home parents are actually working and should be rewarded for doing so. same goes for caring for other people)
> It's reasonable to assume that if AI drop-in-replaced all those knowledge workers, AI companies could credibly charge somewhere in that order of magnitude, because that's what the market is already bearing.
Future supply and demand will set the price - not what is paid today. If supply by open models is vast and cheap, I can't see that the entire knowledge industry can hold the current size. It'll rather collapse to a fraction of its current value.
I live in Vietnam. Bavet is a popular border for visa runs for expats. Normally, you don’t actually leave the Cambodia border building or you just take a bus all the way to Phnom Penh to wait for a visa was approved.
I was curious about the town, because it’s famous for casinos, scam centers, and Chinese manufacturers.
Interesting, did you take pics? Most living quarters (小区）in China have electrical fences and most windows have been barred. Left over from the 80’s when crime was high. Nowadays the bars prevent pets and children from falling out of the window (plus the cage like construction allows for some extra storage space)
I wrote a quick blog post about my experience and included the photos that I took. I was traveling alone and I knew the area was not safe, so I really didn't take enough photos, but the best one is at the end.
Thank you so much, what a great write up (did you submit it here?). Surprised you took any pictures to be honest. Some great observations! Those barred windows def look familiar. Correction:on a second look, these do not look like the typical chinese square tubing bars!
This.
Unprecedented concentration of assets in the hand of very few tech companies. These companies will control the access to the technology and the plebs are left out at the gates.
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