cross-posted from: https://lemmy.world/post/43533515
When will we simply accept that it’s a bubble and move on, instead of pouring a relentless amount of resources into it.
cross-posted from: https://lemmy.world/post/43533515
When will we simply accept that it’s a bubble and move on, instead of pouring a relentless amount of resources into it.
There’s a better anti AI narrative than this mostly false one. First if you had $100 of GDP all imported your GDP is zero. But Nvidia profits and wages are net additions to GDP, and datacenter building, cooling, power use is GDP positive. At least half of datacenter spend goes toward supporting US profits, wages, and support sales.
The better narrative is that without the absurd AI overinvestment, GDP would be negative. last quarter (only 1.4% total growth) is not in OP numbers and this would result in 2.2% GDP growth for the year. about $650B in nominalized real growth. $450B in public/large company investments in AI doesn’t include all of the power/construction done on spec, or the extra spending that employed vs unemployed construction workers do.
I guess OP is trying to support Fuck AI by saying it is doing very little, and massaging the numbers to show as little as possible. But massaging the numbers to show as high as possible, supports Fuck AI by saying rest of the economy is contracting/suffering.