A week ago it was "AI spending is solely keeping US GDP and the stock market afloat" Now it's adding "Basically Zero" to US Economic Growth https://gizmodo.c

A week ago it was "AI spending is solely keeping US GDP and the stock market afloat" Now it's adding "Basically Zero" to US Economic Growth https://gizmodo.com/wall-street-apparently-believes-the-future-involves-making-your-software-instead-of-buying-it-2000718250 https://gizmodo.com/wall-street-apparently-believes-the-futu... This one's from bloomberg Does Gizmodo just repeat random stuff they hear like some kind of stochastic click generating parrot? Low GDP this quarter is due to low government spendint. Hardware is still extremely cheap and isn't getting better much faster. America has taken a major lead by buying out all the fabtime. If I ran Taiwan I would have nationalized TSMC, horded all the chips and allied with Japan and SK for a joint AI and defense pact. The key innovation of the LLM beyond anything technical is that, across the board, government can now see the potential of ML and "AGI". The current American left (and Europeans leaders) is absolutely hopeless, while they make "not one drop for data signs" we are quickly moving towards a future where your job is creating data mostly by doing whatever you want. 10 years ago data was worth 1/9th it's current worth, in 10 years it will be at least 9x it's current worth today. 22+% year on year for the last 14 years 50+% during lockdown. It's strangely hard for people to imagine that work becomes easier over time even though it's always been true. There is a huge difference between letting people capture the value of their labor and preventing that value from being created in the first place.