This is a very important article:
"Journalists . . . used to publish work under the assumption that online platforms would drive readership to them. But now, tools like ChatGPT and Google’s Gemini simply summarize their articles without sending readers to their sites, sparking a crisis that seems poised to wipe out the independent media.
"Similar stories are playing out across other industries, from music to filmmaking. Writ large, many are concerned that AI will eventually be strong enough to wipe out huge numbers of jobs, creating a situation in which unemployed consumers won’t have the funds to support the economy.
"The irony, as the Microsoft document pointed out, is that the AI industry is a snake eating its own tail: the very products that it’s pushing on users rely on fresh cultural content even as they destroy the economic incentives to create it.
. . . According to the latest data from the US Bureau of Labor statistics, it’s a bloodbath — with more than 200,000 jobs in "creative industries" having been lost over the last four years alone, roughly the time since OpenAI launched ChatGPT."
https://futurism.com/artificial-intelligence/ai-is-creating-doom-loops-all-over-the-economy
"Journalists . . . used to publish work under the assumption that online platforms would drive readership to them. But now, tools like ChatGPT and Google’s Gemini simply summarize their articles without sending readers to their sites, sparking a crisis that seems poised to wipe out the independent media.
"Similar stories are playing out across other industries, from music to filmmaking. Writ large, many are concerned that AI will eventually be strong enough to wipe out huge numbers of jobs, creating a situation in which unemployed consumers won’t have the funds to support the economy.
"The irony, as the Microsoft document pointed out, is that the AI industry is a snake eating its own tail: the very products that it’s pushing on users rely on fresh cultural content even as they destroy the economic incentives to create it.
. . . According to the latest data from the US Bureau of Labor statistics, it’s a bloodbath — with more than 200,000 jobs in "creative industries" having been lost over the last four years alone, roughly the time since OpenAI launched ChatGPT."
https://futurism.com/artificial-intelligence/ai-is-creating-doom-loops-all-over-the-economy