The real (economic) AI apocalypse is nigh
The real (economic) AI apocalypse is nigh
pluralistic.net
Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) – Pluralistic: Daily links from Cory Doctorow
5 comments
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I work for a contact center software company. There are definitely some valid use cases for agentic ai and LLM's but most of the stuff being attributed to the latest wave of AI is stuff that's already been possible for a decade at least. The new tech open up a few good use cases but they are definitely incremental rather than revolutionary.
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The only industries revolutionized by this latest generation of LLMs is botfarms and content slop peddling
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We have found it useful for summarizing interactions, doing evaluations on interactions that would have no evaluation otherwise, and highlighting and summarizing relevant passages in knowledge articles for people on interactions with customers and for customers themselves via the web. It does have value, just a small fraction of that which would be needed to justify the investment being made and the valuations it's getting.
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This was a really great read. The numbers don’t lie: 7 companies each independently invested 100 bn in AI and have seen little revenue in return (relatively speaking). When overlaying that on top of its impact on the us stock market as a whole, once the veil has been lifted that this is not leading to super intelligence, a bubble will burst and the entire economy will feel it.
This is the part that is overlooked when discussing anti-ai hype: these tools are very useful, but they appear only useful to the skilled laborer wielding them, instead of the investor claim that they will be replaced.