this post was submitted on 27 Sep 2024
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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More than a bet. It's an engineered outcome, as Microsoft tries to force people into their AI walled garden.
Only question is how many people go along for the ride.
Uber is a great example of negative externalities, as the average Uber driver doesn't earn money once you depreciate the value of the car being used.
The line I've seen on AI boils down to this. AI won't meet human economic potential. But it will run cheaper, which means paper growth, which means the investment is "worth it" at an industry level.
But at a macro level? Economy wide? Big Number may go up, but real productivity is going to slide the more AI attempts to replace human labor.
citation needed
waves hand vaguely at a stack of FT articles