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I wouldn't be so sure, especially since we know a lot of it is actually vendor financing/circular financing (Nvidia give money to OpenAI who buy dedicated datac
by orwin 1y ago
I wouldn't be so sure, especially since we know a lot of it is actually vendor financing/circular financing (Nvidia give money to OpenAI who buy dedicated datacenter from oracle who buy GPUs from Nvidia), so a part of the growth might have to be counted twice, or more.
- rtkwe 1y agoWouldn't that just mean it's less of the actual GDP growth? Either way if it's only 40% of the calculated figure double counted or not I have a hard time seeing how the secondary effects would account for the remaining 60% too, which would be 150% of the original first order effects.
- overfeed 1y agoMarket confidence in growth is a second-order effect. Non-AI investments would decrease markedly if growth is stalling.