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There may well be the occasional service that drops 100x in price, but that would apply only to a small fraction of GDP. Most goods and services are already pre
by atq2119 4y ago
There may well be the occasional service that drops 100x in price, but that would apply only to a small fraction of GDP. Most goods and services are already pretty well optimized. Amdahl's law applies and means that claims of rapid order of magnitude GDP growth are completely ridiculous.
Disruption is likely, yes, but we're talking about different orders of magnitude here.
And GP has a point. AI affects the supply side of the economy, but sustained development depends on the demand side. Given the overall political climate, the effect of AI on the demand side is far from clear.