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Of course AI is extractive, everything is lately • Cory Dransfeldt

Mar 10, 2024 - coryd.dev
The author criticizes the tech industry, particularly AI, for being extractive and providing dubious benefits despite high costs. The author also criticizes crypto for being energy-intensive and benefiting the rich, social media for exploiting user data and attention, ride-hailing services for flouting regulations and lowering wages, and streaming platforms for underpaying musicians. The author argues that these issues are caused by unsound business investments, concentration and consolidation, and an unrealistic obsession with unending growth.

The author expresses a desire for simpler businesses with transparent policies and products that solve real problems, rather than speculative ones. However, the author is pessimistic about the likelihood of this happening, expecting instead an acceleration towards a future driven by the same forces that have created the current situation. The author concludes by expressing skepticism about the potential benefits of this acceleration.

Key takeaways:

  • The author criticizes AI and the tech industry for being extractive, pointing out that they cost a lot and provide dubious benefits.
  • Cryptocurrency and social media are also criticized for being extractive, with the former funneling money from investors to the already rich, and the latter compromising privacy and attention for ad revenue.
  • The author expresses dissatisfaction with the current state of the tech industry, including ride-hailing services, streaming platforms, and music streaming services, which are seen as exploitative and not providing adequate value.
  • The author advocates for simpler businesses with transparent policies and products that solve real problems, rather than speculative ones that externalize problems.
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