But the same technology reads as a catastrophe one field over. Ask an illustrator, a voice actor, or a screenwriter how AI is going and you won’t hear “more room to explore.” You’ll hear that the thing they spent a life learning to do was scraped to train the tool, and now the tool undercuts their rate and, in a growing number of jobs, replaces them.

Because the AI companies not only stole the training data but are also giving away their services for free or selling them far below cost: unsustainable either way. Predatory pricing is criminal but no one is stopping the AI companies. Rather, when the losses come home to roost, it will be the pension and index funds that lose. The companies and their billionaire owners will be bailed out by the governments.