The Bot Economy 💵


A recent issue of the Inside AI newsletter included the prediction that eventually we will sell things to AIs. The inflection point is said to be when population growth levels off and capitalism foresees its downfall and doom. 📉

First, I think modern capitalism’s growth requirement is a bug, not a feature. Focusing on growth and appeasing shareholders can lead to a lot of bad decisions. I think we are better served by rethinking this aspect of capitalism, whether that means tweaking what we mean by that term or creating some kind of post-capitalism. But this has nothing to do with AI, I don’t think. 🤔

Back on track, I don’t see the true trigger to create a bot economy. Why would AIs suddenly want to buy things? Why will AIs compete in the same exact way people and corporations do? This idea seems to be to be an anthropomorphizaton of AI by projecting capitalistic human characteristics in to them. 📽

Once AIs are competing with each other for work – by reputation, by differentiation, etc, they will need ways to distinguish themselves.  In other words, they will have the same issues humans have – they want to appear better/different than others.

I just don’t understand how we get from our current version of AI to algorithms competing with each other and doing so via an open market. Also, I’m pretty sure toasters don’t aspire to buy things. 🤷‍♂️

Src: Inside AI

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