Corporate Profit Driving Artificial Intelligence

Artificial Intelligence

Nvidia, California based corporation, is a leader in AI hardware with emphasis on GPUs (Graphic Powering Units) chips that power AI.

Nvidia claims anything that moves will be automated.

Generative AI, robotics AI... across the global economy.

The share price of Nvidia surged 26% in a day on news that it approaches the $1 trillion mark value, which currently sits at $950 billion.

In October 2022, the Biden Administration banned semiconductor chip sales to China (which include Nvidia's chips). Similar to the failed sanctions on Russia, the ban on chips to China will only cause China produce its own chips and/or purchase them elsewhere.

As you can see there is tremendous corporate momentum behind artificial intelligence and all the automation, robotics, and generative AI.

The job displacement cannot be overstated as projections of 300 million jobs lost to AI worldwide...

In the pursuit of profit, many corporations will cut the workforce as already is happening through adoption of artificial intelligence.

Universal basic income is already ready to prevent mass social unrest.

The dramatic, profound change is happening, and the impacts on humanity are unknown. Though warning signs are appearing.

What will happen to all the redundant, obsolete people in this new transhumanist reality?

Stephen.Garvey@EmergingGlobalRealities.com