>But yeah, once AI is capable enough to do all tasks humans do in employment,
Also at this point the current ideas of competition go wonky.
In theory most companies in the same industry should homogenize at a maxima which leads to rapid consolidation. Lots of individual people think they'll be able to compete because they 'also have robots', but this seems unlikely to me except in the case of some boutique products. Those companies with the most data and the cheapest energy costs will win out.
Also at this point the current ideas of competition go wonky.
In theory most companies in the same industry should homogenize at a maxima which leads to rapid consolidation. Lots of individual people think they'll be able to compete because they 'also have robots', but this seems unlikely to me except in the case of some boutique products. Those companies with the most data and the cheapest energy costs will win out.