3 ms·

> Combine this with the fact that AI is like what - 30% of the US economy? Magnificent 7 are 60%? Nowhere close. US GDP is like $30 trillion. Open AI revenue

> Combine this with the fact that AI is like what - 30% of the US economy? Magnificent 7 are 60%? Nowhere close. US GDP is like $30 trillion. Open AI revenue is ~$4 billion. All the other AI companies revenue might amount to $10 billion at most, and that is being generous. $10 billion/ $30 trillaion is not even 1%. You are forgetting all those "boring" sectors that form the basis of economies like agriculture and energy. They have always been bigger than the tech sector at any point, but they aren't "sexy" because there isn't the potential "exponential growth" that tech companies

ben_w 1y ago
Small quibble, doesn't challenge your overall point, but as I understand it their revenue is somewhat higher than you say. The Open AI revenue was ~$4 billion for the first half of the year; Anthropic recently reported a rate (which isn't total revenue, I know) equivalent to about $10 billion/year; NVIDIA's sales are supposed to be up 78% this quarter due to AI sales, reaching $39.33 billion, so plausibly ($39.33/1.78)*0.78 ~= $17 billion from AI in that quarter (rate, again yes I know, of $68 billion/year). So I can believe AI is order-of $100 billion/year economically… to US businesses with customers almost everywhere important except possibly China. But just to re-iterate, this doesn't change your point. Even 100 B / 30 T is only one third of a percent.