BREAKING: π¨π³ China's court just ruled companies can't fire workers only to replace them with AI.
Beijing is warning firms that putting profit over jobs could carry penalties, especially when it comes to young people.
Read that again. The country racing hardest to win the AI race just told its own companies to slow down.
You can't automate a human out of a job purely to cut costs.
China has high youth unemployment and a slowing economy. A wave of AI layoffs would devastating.
So Beijing is doing what it always does.
Stability first. Efficiency second.
The "AI replaces everyone" trade assumes nothing stands in the way. Beijing just stood in the way. By decree.
Artificial intelligences do not undergo experiences, do not possess a body, do not feel joy or pain, do not mature through relationships, and do not know from within what love, work, friendship or responsibility mean. Nor do they have a moral conscience, since they do not judge good and evil, grasp the ultimate meaning of situations, or bear responsibility for consequences. They may imitate or even simulate, but they do not understand what they produce, for they lack the affective, relational, and spiritual perspective through which human beings grow in wisdom. #MagnificaHumanitas
I went though the same nightmare with $SOFI for 2,5 years eventually its went 5x very similar pattern high short interest very low volume insider buys, but with $FOUR the setting is much more interesting, much lower multiple, 27% short interest, crazy insiders buys, profitable and and institutional ownership couldnβt be much higher. Also same context , frustration because everything else was at all time highs, cost of opportunity etcβ¦
Patience, buy more and please bookmark this post, if this doesnβt at least 3x in the next 12 - 18 months I will never post again.
Feel free to read my timeline.