RT s4mmy (@S4mmyEth)Unfortunately the gap between wages and asset prices is only going to broaden.Job displacement will be exacerbated by technology, particularly AI.It’s no wonder the rich are building bunkers, I don’t see how this doesn’t end with a revolt.If UBI isn’t the solution, what is? ...

RT s4mmy (@S4mmyEth)Unfortunately the gap between wages and asset prices is only going to broaden.Job displacement will be exacerbated by technology, particularly AI.It’s no wonder the rich are building bunkers, I don’t see how this doesn’t end with a revolt.If UBI isn’t the solution, what is? ...

Unfortunately the gap between wages and asset prices is only going to broaden.Job displacement will be exacerbated by technology, particularly AI.It’s no wonder the rich are building bunkers, I don’t see how this doesn’t end with a revolt.If UBI isn’t the solution, what is?CL (@CL207):more and more people cat see is struggling to get joball while wage has been dropping all time lows if you compared to cost of living / rent / asset pricesand since a lot of investing ppl follow cat, if one thing you can do fo ...

Core Viewpoint - The automotive industry is experiencing a significant shift in pricing strategies for advanced driving features, driven by the anticipated arrival of Tesla's Full Self-Driving (FSD) technology in China, leading to a price war among local manufacturers [1][3][16]. Group 1: Price Changes and Market Reactions - Since April 2023, a price collapse regarding advanced driving features has swept through the Chinese electric vehicle market, with many features that previously required substantial fees now being offered for free or at significantly reduced prices [2][4]. - Tesla announced a price cut for its FSD from $12,000 to $8,000 and introduced a subscription option at $99 per month, prompting immediate reactions from Chinese automakers [4]. - Following Tesla's announcement, Xpeng Motors declared that its XNGP feature would be free for all current MAX model owners, marking the beginning of a trend towards free advanced driving features [6]. Group 2: Industry Dynamics and Consumer Behavior - The automotive industry is witnessing a preemptive strike by local players to reshape the market dynamics before Tesla's FSD launch, indicating a strategic shift rather than a mere price reduction [3][17]. - A survey by Deloitte revealed that Chinese consumers prefer to pay a one-time fee for automotive features rather than subscribe, leading to a decline in willingness to pay for advanced driving technologies [9]. - The shift towards free features is seen as a way to attract users and gather valuable driving data, which is crucial for the development of autonomous driving technologies [12][10]. Group 3: Data as a Future Asset - The automotive industry's business model is evolving towards valuing data as a key asset, with companies betting on the long-term value of operational data over short-term software sales [13][17]. - The concept of "data loop" is emphasized, where real-world driving data collected from vehicles is essential for training AI models, positioning data as a critical resource for future innovations [12]. - The potential for data monetization is highlighted through models like Usage-Based Insurance (UBI), which can offer personalized insurance rates based on driving behavior, showcasing a direct financial benefit from data collection [15].

It is time.Prepare for the Elon stimmy engagement-baiting.Yapper UBI, but Muskified https://t.co/fQd78nCOYI ...

Political Landscape & Motivation - Musk established the "American Party" to challenge the US two-party system, opposing the Democratic Party's "awakening culture" and the Republican Party's platform on key issues [1] - Musk's motivation stems from disagreeing with both Democratic and Republican platforms, criticizing the Democratic Party's regulation on technology and the Republican Party's distance from his values [1] - The "American Party" may represent "futurists" rather than centrists, focusing on Musk's vision for the future [1] Electoral System & Challenges - The US "winner takes all" electoral system makes it difficult for third parties to win presidential and Senate elections [1] - Musk's goal may be to win a few seats in the Senate (2-3 seats) and House of Representatives (8-10 seats) to influence key bills [1] - The "American Party" could divide votes, potentially impacting close votes in Congress, especially in the House of Representatives on the East and West Coasts [1][2] Future Implications & AI - Rapid AI development may lead to significant societal changes, requiring new political forms, which Musk is preparing for [7] - The concentration of wealth due to AI could resemble the Middle Ages, potentially leading to class confrontation [15] - Future solutions might involve attaching responsibilities to the property rights of the super-rich, similar to nobles in the Middle Ages, possibly through UBI (universal basic income) issued in digital currency [17][18]