Markets and consumers would still exist, unless the AI is smart enough to solve the local knowledge problem via centralized computation.
A consumer doesn't have to be a person. It's an abstraction, and behind it sits any entity with capital. That includes non-human entities.
An example would be bidirectional trade between an AI company who mines resources, and an AI company who makes robots to mine resources.
Or if it's one big monopoly, they can have an internal market to facilitate competition and cooperation, like how Samsung operates.
Markets and consumers would still exist, unless the AI is smart enough to solve the local knowledge problem via centralized computation.
A consumer doesn't have to be a person. It's an abstraction, and behind it sits any entity with capital. That includes non-human entities.
An example would be bidirectional trade between an AI company who mines resources, and an AI company who makes robots to mine resources.
Or if it's one big monopoly, they can have an internal market to facilitate competition and cooperation, like how Samsung operates.