On a serious note, I am more worried about people who have their retirement funds in these, I genuinely think that its going to impact the whole world and not only just America.
History doesn't repeat itself but it often rhymes.
I don't know but why do people not listen to the tune then? I was saying similar stuff like this simply because I read one thing in my life about investing which sorta changed my life, investing grows not because free money but because market is efficient and you get part of that efficiency. Deep down, a company has to get efficient or more profitable in long term to make their valuation make sense yet AI had none of these things and in my opinion, it never would.
I use AI, to test out new ideas I don't know about, to try to solve something I am interested about, but I still wouldn't bet on it simply because its business model for profit is broken.