AI is more akin to a zero sum game. It won't add 10% to the global economy (and if it did - it would be around "peak of inflated expectations" and, likely, have a corollary slide down into the "trough of disillusionment") because it will both distract budgets and/or redirect budgets. That hypothetical $7T is not coming out of thin air. I'd even go as far to argue that this hype cycle will ultimately detract from global economy over time as it's a significant draw on resources that could have been / would have been used on more productive efforts long term.
This reads like it could be used to reason against the industrial revolution or the first computer revolution or any other significant advance in human history. Am I missing something?
If he had, it would've been a bargain for the impact of the industrial revolution.
Watt couldn't have asked, his engines specifically weren't enough of a difference by themselves even though the revolution as a whole was, and I strongly suspect this is also going to be true for any single AI developer; however a $7T investment in many unrelated chip factories owned by different people and invested over a decade, is something I can believe happening.
The industrial revolution wasn't a leech on resources for little to no value. Most of the energy and diverged efforts by companies globally is currently being wasted on efforts to try and figure out how to profit from this "revolution". This isn't a revolution, this currently looks like a heist of epic proportions.
If the industrial revolution wasted the majority of its input for low value / unneeded output it wouldn't have been a revolution. Please enlighten me on how LLMs have revolutionized the world and then feel free to share how much energy, money and time have been sunk thus far with little to show as a tangible increase in the lives of a global human population.
