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😨   For Silicon Valley, AI isn't just about replacing some jobs. It's about replacing all of them | Ed Newton-Rex

AI will do the thinking, robots will do the doing. What place do humans have in this arrangement – and do tech CEOs care?I recently found myself at a dinner in an upstairs room at a restaurant in San Francisco hosted by a venture capital firm. The after-dinner speaker was a tech veteran who, having sold his AI company for hundreds of millions of dollars, has now turned his hand to investing. He had a simple message for the assembled startup founders: the money you can make in AI isn’t limited to the paltry market sizes of previous technology waves. You can replace the world’s workers – which means you can capture their salaries.

The Guardian     May 12, 2025