Self-driving AI attracts its fair share of nay-sayers. It’s typical to hear people say the technology is decades away, but the facts don’t back up these claims.
In fact, the opposite seems true - its widespread adoption is just around the corner. Here’s some data that seems to back that up. China is selling millions of EVs to the rest of the world, and in 2023 became the world’s biggest car exporter. It’s sobering to think about the world when it is selling millions of self-driving cars - does each one of these equal a job loss for a human?
They are though. Yes their wealth isn’t sitting on money in the bank. However they are able to leverage that valuation off them. They can take credit against their stock and use that at low interest. So in fact they are creating inflation. They don’t bring any wealth into the system but they magic money out of thin air. Majority of their valuation isn’t correct it’s purely speculation