Comments by "IgorTheLight" (@igorthelight) on "Economics Explained" channel.

  1. Population in general is far from being smart. Especially in economics...
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  2. There is an idea that everyone would get some shares in different companies so they could at least buy something. Just an idea.
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  3. "So it's just Pokémon cards or Warhammer 40k minis, but for millionaires?" - always has been ;-)
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  4. @Mathias Elslidnul Please elaborate on your negativity towards bitcoin
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  5.  @awsomemodels  That literally cannot happen to every country in the world - there are developed and still developing countries. If developed country stagnates - that makes "room" for a developing country to shine :-)
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  6. Also known as "Valve counting"
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  7.  @imgoingtoexplode766  But 1 USD is always equal 1 USD - why convert it to something? ;-)
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  8. Great! Most young couples would just leave the country ;-)
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  9.  @Always1happy  Sounds kinda like dictatorship! Do as I say or else! xD So that tax should be higher than cost of having children so people could choose: live with high costs with kids or live with even higher cost without kids. Nice...
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  10.  @atra7812  True! But the higher ups would be replaced LAST ;-)
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  11. Also Qatar: we don't have slaves? They just... lost their passports and can't get home for now ;-) That's a real thing tho...
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  12. Well... those countries would ask for money and get in debt.
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  13. I think not - there are rich countries and there are poor countries. People from poor countries search for a job abroad so they could have 10x of their homeland salary. The story as old as civilization itself ;-)
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  14. Yep!
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  15. But people who come back can tell the real story ;-)
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  16. Developed countries need immigrants as "almost slaves" - cheap and expendable. All talks about minimum wage is so human rights activists would not be pissed off. This 100% makes sense ;-)
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  17. * Buy a house at 100 000$ * Now you will have to pay 10 000 per year * Hyperinflation hits * You STILL have to pay 10 000 per year. Now Now it's a price of one apple * Sell 10 apples = pay your WHOLE debt! This is a hyperbole but the logic is the same! If you still don't understand this - DO NOT TOUCH anything money related!
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  18. Not true - you need paper, inc and electricity to print money ;-)
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  19. 100% true!
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  20. If nations wouldn't exist so... what would change? There would not be poor regions anymore? ;-)
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  21. "Excuse me, they are dying on Qatar?" - get their passport confiscated, work in slave-like condition and some of them die.
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  22. Read about how immigrants got their passport confiscated. So yeah - voluntary ;-) The went in the country voluntary tho.
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  23. Ethics? ;-)
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  24.  @hmmmm6685  That is 100% true
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  25. That's a good thing actually! TV is outdated ;-) I don't watch TV since 2010
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  26. For 5-10 years, I think. Why robots can't fix other robots? ;-)
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  27. Economy of Moldova. Please? We do have an economy! I swear! :-)
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  28. Printing is not fixing all the problems. Google "inflation and it's reasons".
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  29. Isn't that just two countries tho? If you don't like this country - go to that one :-) (USA and Canada, for example)
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  30. Use Adblock Plus if you are watching on PC.
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  31.  @jamesgravil9162  True. But they are not needed there - no education, no relevant professions... Some will survive. Other - rest in piece! Evolution.
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  32. True. But there still will be "internal conflicts".
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  33. Agree.
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  34. And not for long they would exist ;-)
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  35. Do we (world) needs another dictator tho? ;-)
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  36. Adults are just grown-up kids. So, adult != mature.
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  37. Kinda. That would be the same 100$ but now you could buy much less with it.
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  38. Agree.
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  39. Just use 8:32 instead ;-)
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  40. And why would he do all of that? :-)
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  41.  @DroDro3  Most do. Some die. So the story about bad conditions is not a secret. Well it was a secret for a few first "waves".
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  42. Don't waste your mindpower on that - you will spend it before it will inflate.
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  43. True! But most people are not smart and very lazy ;-)
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  44. Just 10:06 ;-)
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  45.  @mohamedabdukadir3271  But north is much smaller! Maybe compare GDP per capita? ;-)
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  46. Yep! We have to adapt to a new economy ;-)
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  47. Agree. Kinda. How would you make money in future? ;-) Be hired - but why? Are you faster than a robot? Can you work 24/7 without being paid? Robot can! Your family and friends would value you. But other people and company - wouldn't. That's the biggest puzzle that we should resolve...
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  48.  @hyrocoaster  I should think about that ;-)
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  49. Unrealistic: why rule over people that give you no value? ;-)
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  50. Why would it? ;-)
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  51.  user-nf9hj2eg7p  Why would I text a scam channel with 0 videos that was created few days ago? ;-)
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  52. A great idea! Let's buy something that is 100% artificial and has 0% real value! It may goes 10x up or it may goes 10x down for almost no reason.
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  53. That will not save you from financial loses tho Educating yourself will ;-)
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  54. As for a big company: Why employ a robot that was build and programmed by who_knows_who, when you could buy a robot that was produced by a big company that is specialized in robots and on the market for 10+ years? ;-)
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  55. We don't xD But not using banks is even worse
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  56. Right! Let's just invade a country with nuclear weapons! ;-)
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  57.  @gartner101  Exactly! Parent != random company
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  58.  @awsomemodels  Agree
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  59. "How about not even selling crops at a local market" - and how do you get clothes? Shoes?..
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  60. 100% agree! The problem is - who would pay for that? Those 1% that still have an income? ;-)
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  61. Would you have money to buy robots? Maybe a rent will do the job ;-)
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  62. Wars are happening to increase someone's influence or country borders. Fighting on Moon will only accomplish entertainment :-)
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  63. I would say, 4-5 years
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  64.  @ankk98  GPT-4 was used to improved itself! So when we would get GPT-5 - it will improve itself even better that 4 did!
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  65.  @09onine  True ;-)
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  66.  @DandinXY  :-)
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  67.  @dongshengdi773  Fair point :-)
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  68. Sometimes we are those who exploit but other time we would be exploited ;-) I think the Nepan workers KNOW about harsh conditions by those who came back. And they still agree to try their luck? That's dark.
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  69. Nothing is really free - someone is paying for that. Remember that.
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  70.  @oc911  And when did it gets money from... Maybe from taxes. And who pays taxes?.. :-)
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  71.  @oc911  True - some countries are more pleasant to live in :-)
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  72.  @oc911  Republic of Moldova (third world's country). GDP 8bil. Average salary - 250$ per month (after taxes). But one of the best ISP (Internet Providers) in the world - 100/100 Mbits/sec for 10$ per month.
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  73. But why provide us with something? What we could give in exchange? ;-)
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  74. So I could do work for others while they do work for me? Why wouldn't I use a robot to do the same job faster and cheaper?
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  75. 1:02 - I'm sorry? Isn't Republic of Moldova is the most poor country in Europe?
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  76. Seeing world as Good and Evil is pretty childish ;-) AI is a tool - it could (and would!) be used for many different things. Beneficial for some people and non-beneficial for others.
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  77. Russians forced EU to buy oil for Rubles
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  78. Just 9:58 ;-)
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  79. Use Adblock Plus if you are on PC.
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  80. Someone has to buy all those goods. Most people would be replaced by robots that can work 24/7 with NO salary and NO complains ;-)
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  81. He talked about that too.
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  82. Welcome to the stock market :-) (where most of participants loose. Especially new ones)
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  83. Agree. But we are not talking about a war - we are talking about "why should I hive humans when I could buy/rent robots that work better, faster and cheaper in the long run?" ;-)
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  84. What's the difference between Au and USA?
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  85. In my country (Moldova) we still have human cashiers and automated ones. Old people use classic ones.
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  86. Now explain please how is it profitable and who will fund it :-)
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  87. AI is neutral. It doesn't care whould you live or die. It wouldn't try to kill you BUT it wouldn't care if you would live either.
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  88. Vote for people who want to do that ;-)
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  89. Theoretically, sanctions would motivate those 140 millions of people to hurt that one human. But they would not dare ;-)
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  90. True! ;-)
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  91. So you think an AI could not be a lawyer? ;-)
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  92. VPN may help ;-)
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  93. Can heavy machinery drive itself - no Can computers do you work themselves - no Can cars or planes drive/fly themselves - no Can AI work themselves - no. But in a few years (10 max) - it would ;-)
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  94. 7:26 - now you can click on it ;-)
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  95. Maybe. But they are too stubborn to do that.
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  96. Only if it's profitable
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  97. 100% agree! Most people are scared that AI would build an army and enslave them while in reality most people would just loose their jobs and get a UBI from government that only helps them to pay the bills. Not that cinematic ;-)
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  98. But robots don't desire anything ;-)
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  99. I like to do that! ;-)
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  100. Not everything will go up in prices EQUALLY ;-)
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  101. He didn't compare them - he just said that apartment could cost the same. It's just stating facts.
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  102. Sorry to hear that! It's like making the gun to be shot by it later.
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  103.  @Wanderer2035  ;-)
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  104. 2030 is pretty logical ;-)
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  105. By being in the Party ;-)
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  106. Their families get the money - that's good. In a short term.
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  107. So you want a absolutely dark city when everyone uses a flashlight to navigate. Just like in the Dark Ages. Nice :-)
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  108. It was. But does it ended humanity? ;-)
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  109.  @thetayz72  Well... I can agree with that!
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  110.  @ericvulgate  "I know that: why? " - because ANY ship could act as a pirate ship ;-)
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  111. Do not confuse Moscow with Russia: Moscow is basically an European modern city while 99% of other cities are in a very bad condition so they would not see a big difference ;-)
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  112. Good luck with that! Ask Russian or Chinese did that worked for them in past ;-)
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  113. Use Adblock Plus if you are on PC.
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  114. Looks like it. And it depends on what will happen in Ukraine (how that ends)
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  115. Agree but... Let's say you want a bread. Why would someone provide you with one? You would say: "because I can fix their car!". But in the future, robots could fix their car much faster and cheaper than you. So why provide you with anything when you can't give anything in exchange? Why provide me with anything? I can't answer that question.
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  116.  @klavczarkalafan4191  I agree about humans being social by nature. So let's hope that our society would still function when humans would not be needed ;-)
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  117. Stock market is unpredictable - most likely you will loose a lot of money. The final choice is yours tho.
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  118. You mean - free slaves? ;-)
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  119. You will se that in your livetime ;-) AGI would be in 2030 (maybe the basic one) and by 2050 the world will be completely changed xD
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  120. What about regulated immigration? ;-)
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  121.  @TheBuckweat33  Compromises would be made in both cases. We just have to choose one with a better outcome ;-) Not sure that I could say "we" if I don't live in the US xD
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  122. "Please tell me your secrets so I could do the same!" ;-)
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  123. That would be even worse for the economy
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  124. He mentioned that in the video ;-)
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  125.  @THEMithrandir09  Well, not a single option is safe - some are just safer than others :-)
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  126. I get the joke :-)
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  127. The second one happens so much less frequent ;-)
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  128. I don't think that West of anyone else would want to be at war with a country full with nuclear weapons. No matter how right they are.
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  129.  @dukeofmonmouth1956  That wasn't really communism - it was just a buzzword. A "brighter future" for stupid people ;-)
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  130. We don't have slavery and human sacrifices anymore! Qatar:
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  131.  @dansands8140  Add to your works "100% created by a human!". Make a YouTube video where you show the whole process in timelapse ;-)
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  132. True!
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  133. Noone really knows.
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  134. @Leandro Donada But you would have to pay someone to protect you, repair the roads of for an ambulance. Maybe you are fine with that. I still think that Singapore have the best taxation system.
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  135. Yep!
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  136. I agree! Sad but true.
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  137. Sadly, only conflicts make us stronger
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  138. AI agents themselves ;-) Google "GPT-4 training itself".
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  139. Canada is "Russia done right".
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  140. That's why would should read what you are signing with a professional ;-)
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  141. Good idea but... Why and how?
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  142. uBlosk Origin cleans that pretty good ;-)
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  143. This video also explains why it doesn't do that without big reason
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  144. Why? Nurse-type of robots would be expensive? Hard to produce?
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  145. AI is not just a text prediction. ChatGPT is just ONE of many. There are music generators, image generators, code writers - whatever you desire. Return back after a year and you would be surprised even more ;-)
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  146. He means "ChatGPT is producing generic text without special prompts that lazy people don't want to learn" ;-)
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  147. Yep - 2030 ;-)
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  148. Not a good idea to attack a country that has around 50% of worlds nuclear weapons! That REALLY holds some countries back. Same with China and North Korea.
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  149. Ask it to provide links and quotes.
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  150. Even for a humans! Yes, I'm talking to you, random man that blocks the path with your stupid cart in a supermarket! ;-)
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  151. * AI is not Open Source anymore starting from GPT-3 ;-) * You will have the choice: pay MUCH more money for human created food/items or pay much less for robot created. And you would say "I will pay more!". Sure, if you are rich ;-)
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