“For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread,”
I would correct that to say ‘for this to not be a bubble by definition, it requires that the benefits of this a. Exist and b. Are significant enough to justify the extreme costs of building these systems’
Right now I don’t see anything coming out of this that justifies even 1/10 of the $trillions being poured into AI.
In fact I think you could make an argument that the net result is negative, even for businesses that adopt it, due to the increased prices they will pay for hardware over the next few years. If it makes your employees 5% more efficient great, if it makes your technology 50% more expensive in return, not so great.
“For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread,”
I would correct that to say ‘for this to not be a bubble by definition, it requires that the benefits of this a. Exist and b. Are significant enough to justify the extreme costs of building these systems’
Right now I don’t see anything coming out of this that justifies even 1/10 of the $trillions being poured into AI.
In fact I think you could make an argument that the net result is negative, even for businesses that adopt it, due to the increased prices they will pay for hardware over the next few years. If it makes your employees 5% more efficient great, if it makes your technology 50% more expensive in return, not so great.