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The incremental revenues to software and hardware vendors and energy providers is also used to hire new people, build new infrastructure (manufacturing plants,
by cs702 1y ago
The incremental revenues to software and hardware vendors and energy providers is also used to hire new people, build new infrastructure (manufacturing plants, energy production systems, etc.), with second-order economic effects too. There are higher-order effects too, also more diffuse.
- rtkwe 1y agoAgain I'm not denying second order effects exist. Just saying it's not 150% of the direct effects.
- cs702 1y agoAh, got it. I'd say it's possible but no one knows for sure. There's too much related spending that's hard to measure, including, for example, organizations spending to try out newfangled AI services. I don't think that kind of spending is counted in the investment figure, because it's not capex.