“Unlike any technology we’ve ever dealt with, the business model of AI is to generate mass unemployment. That is not an unintended consequence; it is the business model...” - Dr Richard Denniss, co-CEO of the Australia Institute.

He added: "The valuations of these AI companies are literally based on the assumption that hundreds of millions of people will lose their jobs and employers will buy AI services instead of labour services.” Hence, it is the greatest voluntary transfer of power to 6 American megacorporations. https:…

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1. 2026-10-29 08:30 · r/antiai
   “Unlike any technology we’ve ever dealt with, the business model of AI is to generate mass unemployment. That is not an unintended consequence; it is the business model...” - Dr Richard Denniss, co-CEO of the Australia Institute.