AI can’t take over the world

Day by day, the news cycle surrounding artificial intelligence (AI) is startling. From being able to supposedly generate a tremendous amount of money from trading bots on Claude to finding a “cure” for a dog with cancer by a person with zero medical knowledge in Australia, AI is literally changing the world in real time.

We have been warned by the purveyors of AI that the number of entry-level white collar jobs are going to be very hard to secure in the future and that AI is replacing a host of other white-collar jobs. Apart from that, we are also told that companies are slashing headcount after reporting record profits and AI is existentially going to threaten the future of labour.