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Could you say more about the AGI dollar auction? Is that something investors are actually thinking about, or a metaphor for what's happening? From what I've rea
by keeda 15d ago
Could you say more about the AGI dollar auction? Is that something investors are actually thinking about, or a metaphor for what's happening? From what I've read so far, while AGI is definitely a well-known concept, investors are not really banking on it.
FWIW even without AGI there are indications that all this CapEx spend, even with very shallow adoption, is boosting national labor productivity by 1.3%. That is worth ~$123B based on total wages paid in the US alone: https://news.ycombinator.com/item?id=49721338 https://news.ycombinator.com/item?id=49721338
As such I don't see the need for AGI for any of this to be financially viable. Whether it is economically and socially viable... that's where I have grave doubts.
But Capitalism really only focuses on the former and not the latter, which is why this will keep getting pushed forward. And that is the crux of the problem.