Why Anthropic's filing crushed tech stocks

govt prints money (FED) -> government -> banks -> (economy) -> tax -> government

And the second "great circle"

govt loans money (FED) (money that doesn't exist, which isn't a problem if you can print money) -> banks -> (economy) -> loan repayment -> money gets "unprinted"/destroyed

Everything about the economy is a great circle. You will also understand after a while, if you wish for the economy to remain stable, this must be the case. You can't change it without either hyperinflation and extreme "capital flight" (between quotes because of course in that circumstances capital will run into gold or other physical resources), by either vastly overheating or stopping the economy.

And yes, most instances are of the overheating kind. The only case of stopping the economy was accidental (despite many warnings), in other words, yes, it was Republicans. But last time that happened, even republicans could decide to change course. Of course, only once huge damage was done.

Do you not see any difference between creating garbage in these ways?

People have created low-quality things since the dawn of humanity, using all sorts of tools, professional and not. However, before AI, making most types of garbage still required some human work, it wasn't infinitely scalable. And what was automatable ended up being so horrible that most people could easily dismiss it on the spot, or for them to even be filtered out algorithmically. On the internet, it wasn't perfect, but the signal-to-noise ratio was still at a level where you reliably discern the signal part.

AI changed this. Even a beginner can set one up to run almost fully unattended - and while what comes out won't be good, it also won't be immediately apparent as such, especially to the general public. More and more I find myself being fooled by a website link, a YouTube video thumbnail or a paragraph in an article. AI lets people create garbage that can impersonate real effort decently well, and they've used that to great extents. As we speak, thousands of agents are working day and night to pump every online platform with their 'content', without a single person in the world to care about what they put out. They're taking over and removing any good signal we had, everything becomes diluted with trash on a scale we have never seen. People notice that. Many are clueless about AI, and social influence plays a role, but they're not being misled and have their opinions manipulated. They wouldn't enjoy most of this content regardless.

In addition to the dilution of good information, they care about appearances and how AI lets you create an appearance of caring about something. The cheap food stand seemed honest when they put up an unassuming print of a simple Word document, and now seems dishonest when they put up an AI-generated mess that looks nothing like the real product and desperately tries to seem more refined than they are. Their manager was at least honest when he replied with a lazy 'k', and now he's lying about caring by dumping out a bullet point list of AI-generated text for a response that we know he himself hasn't read. It's the dream product for scammers, grifters and people who simply don't care.

Can you use AI to help create something good? Sure, but anyone doing that still needs to take their time and put care into it. Even if AI makes them faster, by the time they finish, 10TB of more slop has already been produced to drown them out, because that can be fully automated. Effectively 99.9% of AI content ends up being garbage, so of course people are going to reject it. Most probably don't want the few nuggets of gold for the ocean of waste.

If everyone hates AI output and refuses to buy anything made with it then in what way is it a threat to people who don't use AI in their work?

Are these talking points perhaps crafted to benefit a small group of people who will lose the edge they currently have to a larger number of people enabled by these new tools?