I agree a lot of the dooming is from people who don't really do the maths. Total capex so far is probably about $1T. Recent annual earnings are $132bn at Google

I agree a lot of the dooming is from people who don't really do the maths. Total capex so far is probably about $1T. Recent annual earnings are $132bn at Google, $101bn at msft, 60bn at Meta, $120bn nvda adding up to $413bn after tax. They could pretty much write down the whole capex to zero against two years earnings from those. It's not that out of whack. Not mentioning that we are kind at the point in the Wait but Why cartoon between that's cute and wft https://waitbutwhy.com/wp-content/uploads/2015/01/Intelligence2.png https://waitbutwhy.com/wp-content/uploads/2015/01/Intelligen... From the article from ten years ago https://waitbutwhy.com/2015/01/artificial-intelligence-revolution-1.html https://waitbutwhy.com/2015/01/artificial-intelligence-revol... It's interesting that it shows human level at 2025 and we've just seen a wtf story on HN https://news.ycombinator.com/item?id=49048681 https://news.ycombinator.com/item?id=49048681