3 ms·

From a different article on the same Deutsche Bank warning [1] > However, there isn’t a consensus on Wall Street regarding AI’s longevity. Goldman Sachs took a

• hulitu 1y ago
  > Once it is widely adopted, AI is likely to allow workers and firms to produce more output for a given set of inputs, which will raise [total factor productivity] growth,” That's the issue: it is not widely adopted. /s I keep hearing that using AI can make me more productive, but nobody can explain how.
  • QuantumNoodle 1y ago
    If/when the AI bubble bursts, I don't think AI will just cease to exist. It is difficult to imagine a world without this tool now - it is a great convenience. Now, is this convenience worth almost $1 trillion? No. At least not yet - if ever. Very gimmicky solutions are being peddled and there seems no concrete class of problems found for this "AI solution." Replacing entry level human interaction perhaps. But that won't earn companies money in the long term - just short term savings. And for every profession that uses AI in the senior positions as an aide, it chokes off entry level pipelines. So difficult to tell how this will play out.
    • fuzzfactor 1y ago
      I've said this before which emphasizes how hard it can be to accept, and how cautious it would be with medical efforts, but when all recommended approaches have been tried for all they're "worth" and further progress is needed, the real successful solution may very likely be something not recommended. Not easy to account for medically, and it can be a matter of life and death. OTOH with plain money you can account for it to the penny. If the most widely recognized solution to an historically costly problem, like AI, is to infuse more money until the cost can be overcome, most people would not be able to afford that, but if it works it works as long as somebody can afford it. However if an alternative solution were to appear, so extremely non-recommended that it doesn't call for more money to be infused, or maybe even not any money at all, for measurable progress to be made, a lot of people are going to get out their business calculators and see a difference in leverage that will make their jaw drop. A slide rule could probably tell you that a lot faster than AGI. While using slightly less energy. But it's not the use that's the biggest problem, it's the waste over & above the minimum that could get the job done, if people weren't in such a unidirectional hurry. Either running in the same direction toward a near-materializing goal beyond the horizon, or running away from a bunch of different places in the direction of the strongest "current". Lots of big bucks being vaporized without waiting for a crash to occur. If the "market" corrects there'll still be plenty of AI out there and once it stabilizes it can probably resume growth at a more organic rate. Whatever else goes with it, and how far, is anybody's guess. For what it's worth.