Quote:
Originally Posted by redpoint5
AI has potential to capture enormous wealth, but then again, it's iterable so competing AI will place downward pressure on profitability.
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I like to call that process "McDonaldizing." And it happens in many fields. The general trend in industry is to reduce reliance on highly skilled (and highly paid) professionals. The goal is to reduce the skill requirement to entry level... like a McDonald's worker. Hence the term.
And I think AI will eventually McDonaldize just about everything. IIRC that was actually the goal, right from the outset. And it's going to have HUGE implications.