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My translation of what Jeff says:

"AI is in a bubble but billionaires will get 'gigantic' benefits"

I see no benefit to anyone unless you can live off your stock portfolio and can easily ride through periods where your portfolio can suffer a 50% loss.

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Honestly, during the dotcom bubble at least workers were getting paid and jobs were abundant. Things didn't start getting bad for workers until it popped. We're supposed to be in the 'positive' part of the AI bubble and people already seem desperate and out of hope.

Everyone not directly involved seems to want AI to pop. I'm not sure if that says anything about its longevity. Not very fun to have a bubble that feels bad on both sides.

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