almost like people have been saying this literally from the start of ai for years
Truth-Suks-667 on
Products are not buying enough products to make more products? Color me surprised! /s
Loki-L on
“We’re All Trying To Find The Guy Who Did This,” says man dressed as hotdog.
Unrestrained and unregulated capitalism might work in theory, but I think we are about to hit a wall soon.
If I had money to lose, I would worry about the economy.
Icy_Acanthisitta7741 on
Gee, who would’ve thought?
SonofaCuntLicknBitch on
And it is of the utmost importance that we do next to nothing about it.
Full speed ahead, to a future nobody asked for!
kye-qatxd-9156 on
Yeah and who do you think has had a huge hand in that?
Fucking idiot. Guaranteed this guy’s heavily invested in it.
DillBagner on
Good thing BlackRock is buying up residential property to make it cheaper so people can afford it in the tougher job market, right??
stanley_leverlock on
Brilliant revelations like this are why Fink is at the pointy end of the orgchart.
Sidwill on
A crisis that they will cash in on.
masterchefguy on
A crisis of their own making, considering the MIC has a super hardon for killbots and automated civilian spying.
Ranger_242 on
It’s not so much that the sky is falling and moreso that the sky has fallen and BlackRock looks to be getting cut out by techbro oligarchs
UCR998 on
Blackrock is a bigger crisis
plantdaddy66 on
I’m amazed he could keep a straight face while saying that.
Federal-Employee-886 on
He should kill himself
Taronar on
as AI takes our jobs we need to lighten our gaze towards ubi and communism.
westtownie on
tell this crisis to get in line with the other crises.
yamanagashi on
Blackrock trying a distraction I see. Anything to hide the fact that private equities are having problems cashing out private credits.
PantsDontHaveAnswers on
Larry Fink can go fink himself up his own finkhole. Fuck him and BlackRock.
Schamolians101 on
Then stop funding corporations/companies that do?
ohmanilovethissong on
“It’s not our short sighted decision making, it’s totally AI.”
Same story, different scapegoat.
Lucky_Researcher_ on
AI will be a shitshow regardless of whether it can replace the workforce or not. If it fails to deliver, markets will crash due to all the billions tied up in AI. If it works, markets will crash as it will cause mass unemployment in record time. And it is all well paid jobs that will be gone, e.g. bankers, lawyers and so on.
Regularjoe42 on
If the schools are understaffed, the infrastructure is falling apart, and the health system is overwhelmed, the issue isn’t that there aren’t jobs to do, it’s that the people with money aren’t choosing to do it.
A_Reddit_ID on
And because of this guy’s previous decisions, most of the college graduates he talks about in the article won’t be able to buy a house until their late 30s
turkeyburpin on
Wait, AI doesn’t buy commodities from the companies you own that sell stuff…..the hell you say.
hoodlumonprowl on
Get fucked Larry. BlackRock is one of the scourges on our society and you’re perpetuating issues that impact the rest of the population while you live in your golden castles.
PaulSarlo on
Curious as to how much blackrock is invested in AI.
schlitz91 on
Maybe they can sell houses to ai bots?
TheIdentifySpell on
If there was state-owned AI and citizens received a portion of profits it wouldn’t be a huge deal, it would at least staunch the bleeding.
However, AI is owned by corporations and exactly one thing in mind – drive profits skyward. We have been shown time, and time, and time, and time again that given the choice between better their communities or lining their own pockets billionaires will laugh as they pull the ladder up behind them.
They will sprinkle peanuts to our elected officials and get their way. Mark my words, revolution is the only answer here. The only real question is – how bad are we going to let it get?
Itsatinyplanet on
So we can expect that BlackRock will be divesting all of their capital out of AI investments right?
Right?
TheyJustCallMeDad on
The devil has a bigger threat I guess.
mxguy762 on
In other words “we fucked the working class so hard that it might actually fuck us back this time.”
chunkah69 on
So is the housing issues you created you fuck.
SockPuppet-47 on
Yup, robots don’t buy shit…
Traskenn on
Don’t forget about that housing crisis balckrock is responsible for. Nice try there trying to blame just ai
pass_nthru on
fuck larry fink and fuck blackrock, they are one of the prime reasons you can’t afford to buy a home and now he’s realizing no one will have a job to pay rent on all their “assets” they snatched either…he can choke on a bag of ducks
willismthomp on
This piece of shit. Had no problems buying up the houses and turning everyone into serfs but now he’s afraid the serfs may not be able to pay him more money.
mekingjr1992 on
I am a little confused by this because yesterday there is an article that headlines “big bank is figuring out ai cant really do much” then today its “mega corp says ai will take all the jobs”.
There is degrees of truth in both but this constant swing back and forth of things leads just polarizes people.
Blunt_Hadder on
Who didn’t see this coming?
PNWCliff on
Since when does BlackRock care about people
VeritasLuxMea on
Then why the fuck did you do it Larry?
TheVenetianMask on
Slop isn’t replacing the work as much as desensitizing people to bad quality, turning everything into a Market for Lemons and undercutting producers that should actually remain ahead.
The buyer sees the appearance of correctness, but has no information about how correctness is enforced if at all in the production of slop. Like a cheap car they only find out when it breaks down in the middle of the highway.
42 Comments
Breaking news:Cars dont buy cars!
almost like people have been saying this literally from the start of ai for years
Products are not buying enough products to make more products? Color me surprised! /s
“We’re All Trying To Find The Guy Who Did This,” says man dressed as hotdog.
Unrestrained and unregulated capitalism might work in theory, but I think we are about to hit a wall soon.
If I had money to lose, I would worry about the economy.
Gee, who would’ve thought?
And it is of the utmost importance that we do next to nothing about it.
Full speed ahead, to a future nobody asked for!
Yeah and who do you think has had a huge hand in that?
Fucking idiot. Guaranteed this guy’s heavily invested in it.
Good thing BlackRock is buying up residential property to make it cheaper so people can afford it in the tougher job market, right??
Brilliant revelations like this are why Fink is at the pointy end of the orgchart.
A crisis that they will cash in on.
A crisis of their own making, considering the MIC has a super hardon for killbots and automated civilian spying.
It’s not so much that the sky is falling and moreso that the sky has fallen and BlackRock looks to be getting cut out by techbro oligarchs
Blackrock is a bigger crisis
I’m amazed he could keep a straight face while saying that.
He should kill himself
as AI takes our jobs we need to lighten our gaze towards ubi and communism.
tell this crisis to get in line with the other crises.
Blackrock trying a distraction I see. Anything to hide the fact that private equities are having problems cashing out private credits.
Larry Fink can go fink himself up his own finkhole. Fuck him and BlackRock.
Then stop funding corporations/companies that do?
“It’s not our short sighted decision making, it’s totally AI.”
Same story, different scapegoat.
AI will be a shitshow regardless of whether it can replace the workforce or not. If it fails to deliver, markets will crash due to all the billions tied up in AI. If it works, markets will crash as it will cause mass unemployment in record time. And it is all well paid jobs that will be gone, e.g. bankers, lawyers and so on.
If the schools are understaffed, the infrastructure is falling apart, and the health system is overwhelmed, the issue isn’t that there aren’t jobs to do, it’s that the people with money aren’t choosing to do it.
And because of this guy’s previous decisions, most of the college graduates he talks about in the article won’t be able to buy a house until their late 30s
Wait, AI doesn’t buy commodities from the companies you own that sell stuff…..the hell you say.
Get fucked Larry. BlackRock is one of the scourges on our society and you’re perpetuating issues that impact the rest of the population while you live in your golden castles.
Curious as to how much blackrock is invested in AI.
Maybe they can sell houses to ai bots?
If there was state-owned AI and citizens received a portion of profits it wouldn’t be a huge deal, it would at least staunch the bleeding.
However, AI is owned by corporations and exactly one thing in mind – drive profits skyward. We have been shown time, and time, and time, and time again that given the choice between better their communities or lining their own pockets billionaires will laugh as they pull the ladder up behind them.
They will sprinkle peanuts to our elected officials and get their way. Mark my words, revolution is the only answer here. The only real question is – how bad are we going to let it get?
So we can expect that BlackRock will be divesting all of their capital out of AI investments right?
Right?
The devil has a bigger threat I guess.
In other words “we fucked the working class so hard that it might actually fuck us back this time.”
So is the housing issues you created you fuck.
Yup, robots don’t buy shit…
Don’t forget about that housing crisis balckrock is responsible for. Nice try there trying to blame just ai
fuck larry fink and fuck blackrock, they are one of the prime reasons you can’t afford to buy a home and now he’s realizing no one will have a job to pay rent on all their “assets” they snatched either…he can choke on a bag of ducks
This piece of shit. Had no problems buying up the houses and turning everyone into serfs but now he’s afraid the serfs may not be able to pay him more money.
I am a little confused by this because yesterday there is an article that headlines “big bank is figuring out ai cant really do much” then today its “mega corp says ai will take all the jobs”.
There is degrees of truth in both but this constant swing back and forth of things leads just polarizes people.
Who didn’t see this coming?
Since when does BlackRock care about people
Then why the fuck did you do it Larry?
Slop isn’t replacing the work as much as desensitizing people to bad quality, turning everything into a Market for Lemons and undercutting producers that should actually remain ahead.
The buyer sees the appearance of correctness, but has no information about how correctness is enforced if at all in the production of slop. Like a cheap car they only find out when it breaks down in the middle of the highway.