It’s absolutely true that AI is reducing jobs, but not like you think.

[dk@tldr.nettime.org]

It’s absolutely true that AI is reducing jobs, but not like you think. AI is not *doing* those jobs instead of people, AI speculation is redirecting *investment* away from job-creating businesses to capital-intensive businesses.

[npars01@mstdn.social]

@dk

The AI bubble is designed to withhold funding from a utterly necessary switch to renewable energy, like solar & wind.
https://abcnews.go.com/US/wind-power-us-trump-administration-pauses-leases/story?id=128618647

https://www.wired.com/story/trump-energy-industry-ai-fossil-fuels-pittsburgh-summit/

https://www.bloomberg.com/news/articles/2024-11-06/saudis-plan-100-billion-ai-powerhouse-to-rival-uae-s-tech-hub

https://www.cnn.com/2025/12/22/climate/trump-offshore-wind-suspension-virginia

There's several reasons why the fossil fuel industry is flogging AI so relentlessly.
https://www.theguardian.com/us-news/2025/jul/15/trump-ai-oil-energy-summit

Election interference. State surveillance. Wage suppression. Anti-unionism. Expansion of fossil fueled energy hogs like data centers.

https://www.desmog.com/2025/12/11/the-koch-network-is-pushing-trump-to-accelerate-ai-documents-show/

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[npars01@mstdn.social]

2/

These tech & oil oligarchs aren't "philanthropists"

They're people abusing tax laws about charitable giving for their own self-enrichment & political power

https://www.forbes.com/sites/mattdurot/2025/07/17/bill-gates-charles-koch-and-three-other-billionaires-are-giving-1-billion-to-enhance-economic-mobility-in-the-us/

https://www.cnn.com/2025/10/28/business/bill-gates-climate-change

Most of all it's a flight of capital & money laundering as the industry cashes in its chips

Trump uses extortionate tariffs to bully countries to switch to his donors' fossil fuel supply.
https://www.politico.eu/article/donald-trump-says-eu-must-buy-350b-of-us-energy-to-get-tariff-relief/

Putin & Trump's oligarchs prepare for wars over shrinking captive markets

[npars01@mstdn.social]

3/

The most corrupt industry on the planet is hoping to get their money out before the bubble bursts and the value of their fossil fuel assets collapses.

The switch to renewable energy is inevitable because it's cheaper, more robust, & better for us all.
https://www.cnn.com/2021/02/09/world/climate-fossil-fuels-pollution-intl-scn

The fascist movement the fossil fuel industry funds is doomed.

[ponygirl@mastodon.social]

@Npars01 Nothing good will come from AI.

[npars01@mstdn.social]

@Ponygirl

There's very very few productive use cases for AI.
https://www.wheresyoured.at/nvidia-isnt-enron-so-what-is-it/

They say AI helped spot the circular financing fraud embedded in Nvidia's financial statements within 18 hours of release.

https://substack.com/inbox/post/179453867

Humans would have had trouble matching that speed & humans would have had their analysis suppressed in a world where Larry Ellison owns the news.

https://www.exponentialview.co/p/it-is-not-1999-all-over-again-yet

I struggle to find any other "common good" use cases for AI.

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[anne_twain@theblower.au]

@Npars01 @Ponygirl If all its output has to be checked by humans for errors, it's about as useful as the work experience kid. #AI

[npars01@mstdn.social]

@anne_twain @Ponygirl

AI is the automated equivalent of the nepotism hire; unreliable, skates by using other people's work product, and leaves a mess behind everywhere they go.