They Know a Collapse Is Coming
The CIO of Goldman Sachs has said that in the next year, companies at the forefront will begin to use AI agents as if they were employees — as team members with tasks to do.
He also pointed out that, as AI becomes embodied through robots that have AI brains, that the AIs will then "live in our world" and will develop their own experiences and develop the awareness of human situations — giving them human-like judgment.
Elon Musk and now Trump know this. In fact, I believe that they are anticipating a global economic collapse. And if so, then they realize that time is short for them to get ahead of the situation personally. Perhaps that is why Trump wasted no time creating cryptocurrencies in his first day in office — something that most would consider to be unethical, since it is an attempt to personally and directly profit from his new office. But who cares? — the world is going to collapse, so get as rich as possible now, so that when the fall comes, you are among the richest billionaires who can then buy up all of the natural resources and live in an AI-powered enclave, safe from the starving masses.
Perhaps that is why one of Trump's first actions was to revoke Biden's AI safety executive order.
A collapse is what is coming. Sam Altman said clearly that they "know how to create AGI" (human-level artificial intelligence). This came sooner than expected, and so it means that the collapse is coming sooner than expected.
When companies can use AI to do 90% of what humans do, why would they hire people?
They won't, except for the few remaining tasks that require human accountability; but those roles will migrate to partners and senior shareholders, and away from managers.
And then guess what happens? All those companies that ditched human workers for AI agents? They now have no customers, because no one has a job. No job, no income. No income, no purchases.
Economic collapse.
Musk and Trump know this.
They are preparing for their enclaves (Musk's enclave, Trump's enclave).
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Update:
Some readers have lamented that this story "provides no evidence". It was purposefully written as a short story, because I want more people to read it to make more people aware of what is happening. For those who want a longer article (with references), I previously wrote this one: https://medium.com/@cliffberg/agi-is-upon-us-at-last-and-what-that-will-mean-fd8ab565fce4
Also, here are some references pertaining to the inexorable rise of AI:
On the continuously increasing capabilities of AI: https://ourworldindata.org/brief-history-of-ai
On progress in reasoning models — AI today is far ahead of where it was only two years ago: https://www.nature.com/articles/d41586-025-00275-0
On the coming embodiment of AI in robots: https://www.techopedia.com/most-advanced-ai-powered-robots
On neuromorphic architectures, which reduce the power use of AI by a factor of tens of thousands and make it mobile and "unplugged": https://www.utsa.edu/today/2025/01/story/nature-article-neuromorphic-computing-systems.html
By the way, AI is not software. Yes, today it is written using software, but today's implementation is actually a computational graph, and the software is there to get the graph onto GPUs. Neural network AI is actually a set of interconnected virtual "neurons". A computational graph is used to calculate matrices that model the activation functions and inputs of arrays of virtual "neurons". Using neuromorphic chips, engineers are moving toward actual neural networks — and those do not run software. AI is not the next evolution of computers: AI is a move away from computers, to something that is much more brain-like.
Some readers have said that AI is confined to its virtual world, and cannot do physical labor. I would encourage those readers to read up on progress in robotics, especially where AI is being used to drive the robot.
Some readers also have questioned my personal knowledge on the subject. I am not an AI expert, but I have built AI systems (from scratch), and I collaborate with people who are AI experts. In addition, Jeff Hinton, the "father of AI", has been sounding the alarm on AI: https://www.bbc.com/news/world-us-canada-65452940
Interestingly, one of the other "fathers of AI", Yann Le Cun, says not to worry: https://www.bbc.com/news/technology-65886125
But among experts, Le Cun seems to be in a decreasing minority.
Finally, many readers have said that all this is decades away. I am sorry to be the bringer of bad news, but it is not decades away. Look at the curves in my reference on the continuously increasing capabilities of AI.
Ray Kurtzweil has been warning us for decades, and predicted all this would happen by 2040; it seems we are ahead of schedule, perhaps because of the huge investment flow into AI. Among the first to mention the "singularity" was Vernor Vinge, a professor of mathematics at San Diego State University, and he predicted it would occur between 2005 and 2030.
It seems that Vinge might have been spot on.
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