Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There will be many more contractors to fill the same roles.  I am not worried.[/quote]
Contractors are also being let go.[/quote]

Yeah, article just out about Elon training AI to do most of government work. It’s crazy and he’s awful. [/quote]

It's amusing that you just realized that the reason Trump wants feds  gone is to have AI take over many government functions   Most tech people understand that a large part of the current workforce will be on UBI within 10 years and only high touch jobs will be available.  [/quote]

I have been hearing tech will take over jobs forever and the closest we've come is automation is manufacturing which is not putting out white collar workers. Musk has been touting that FSD will be a thing in a year for over half a decade. So sorry if I have a hard time believing we're going to be living in a full AI universe in a decade.

I wouldn't panic sell based on AI. I would panic though that the country is going to be in a deep recession because a bunch of dudes who were never told they were cool want to run the planet like the dumbest cartoon villains.[/quote]

FWIW, FSD is a thing and works rather well.. SF has tons of driverless taxis now too. But it does take time to automate other jobs.  Self driving car idea was born decades ago and people were working on this since late 90s at least.
To do so much automation in so many subject areas (not just driving), you need people and will have to create jobs.  Where will the jobs be that have to do with the government functions and who will be training AI on the subject matter they must understand? You can't outsource to TX or Silicon valley, it's the SME expertise and it's HERE. [/quote]

Legally speaking FSD isn't really here. It exists. It's not here. It has small applications that actually don't work particularly well at scale.

But yeah these guys think they can AI their way into having a few tech bros automate everything and that's unsurprisingly not how this works. The company Musk has had full control and limited guardrails on is Twitter and he's run it off a cliff (though effectively in utilizing it to sway an election). Either they're going to miraculously AI their way to a fully automated future or there's going to a be a reckoning when they break everything including the economy. At that point I think real estate is but a blip in our concerns. [/quote]

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