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It really doesn't make sense to attribute those job losses to AI-the-technology, because if that were the case we'd be observing AI outputs displacing conventional entertainment products, and they're clearly not. Rather, the impact of AI is that AI-the-business is crowding out other investment.

I feel like there's a version of Gresham's law that as long as scams that promise exponential growth are allowed to present themselves as legitimate they inevitably crowd out real investments that can only generate organic growth.