Editing Openai/69568627-3580-8009-a8dd-9887c961c806 (section)

=== User: I believe AI is bound to cause a societal or economical collapse regardless of how things develop. ===
I believe AI is bound to cause a societal or economical collapse regardless of how things develop. If AI keeps improving at steady rate it will replace humans, unemployment will skyrocket and the economy collapse when no one can buy anything. A smaller example of this “success paradox” is this:

You have a software development company. You fire 10% of developers thanks to current state of AI. AI keeps improving and each year you fire more developers and lower your costs, which lead to bigger profits. One day you fire you last developer, now your costs are virtually nonexistant, but suddenly now your company has no value. Why would anyone buy your software if AI can make it for them instead. Same applies to all non-physical jobs. This leads to a societal collapse, possible regression to bartering. 

Scenario 2: AI hits a limit, no longer improves. Well then we will see an economic crash, larger than anything we have seen since the bubble is so huge. 

Thoughs about this?