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$7T is more than the budget of the US federal government, a third of the NASDAQ, or 2,3x AAPL market cap. Sam getting his 7T is not actually possible.
by zer0tonin 3y ago
$7T is more than the budget of the US federal government, a third of the NASDAQ, or 2,3x AAPL market cap. Sam getting his 7T is not actually possible.
- justrealist 3y ago> or 2300x AAPL market cap It's only 2x the AAPL market cap.
- zer0tonin 3y agoOops, you're right on that one
- guywithabowtie 3y agoIt is a future projected value of a company. You can not realize it. If you start selling stocks, they will drop at a rapid pace. The entire stock market is in a way projection of all future money the stocks will potentially make for a long time. This is not liquid cash that can be injected for any other purpose.
- justrealist 3y agoCool. However, the OP was incorrect, it's 2x the AAPL market cap.
- synergy20 3y agoAAPL is 2.8T now, how is it 2300x AAPL equals to 7T. 7T is actually possible, but yes it's huge.
- timdiggerm 3y agoIn some places, usage of , and . within numbers is revered from what you use
- Ukv 3y agoThe comment they're replying to initially said "2300x", but was fixed after it was pointed out (https://news.ycombinator.com/item?id=39386997 https://news.ycombinator.com/item?id=39386997). IMO HN should have an edit indicator, at least after others have already replied.
- kilbuz 3y agoI can respect that.
- dilyevsky 3y agoYou’re comparing cash flow to a static pile of money spent over decades
- m3kw9 3y agois 7T over a period of maybe 20 years. 1T is enough to buy out most engineers from TSMC, or maybe even buy out TSMC
- figassis 3y agoHave you considered that he might not actually expect $7T, but this ask makes us think $1T is relatively reasonable and so he gets it?
- jstummbillig 3y agoThe current world economy is $85T/anno If (the best) AI adds 10% to that, $7T is not only possible but a bargain.
- schoen 3y agoPer annum (the preposition per governs the accusation case rather than the ablative case).
- cabalamat 3y ago$100T in 2022 according to the World Bank. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
- windexh8er 3y agoAI 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.
- jstummbillig 3y agoThis 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?
- zer0tonin 3y agoJames Watt didn't ask for 10% of the global GDP
- educaysean 3y ago
- cabalamat 3y agoOr to put it another way, one month's worth of world GDP.