Why cant we? There is lot if ineffeciency and theatre being rewarded in the current economy. Lot of stuff is being locally over optimized at the cost of global instability. What is stable about the world economy parking 50% of wealth in the US which has less than 5% of the land or the population of the planet. More people have info more people are going to question it. We have been coasting for very long pretending all this stable.
The Samurai thought they were producing stability too. Overnight they went extinct. Japan did not. Its a lesson in assuming certain organizing and stabilizing structures are permanent.
How can they be when the environment around such legacy structures is constantly changing and these days changing faster than the Shoganate can adapt. The story writes itself.
The reality is that the value proposition of AI is unclear --- and will remain so until vendors recoup the huge mountain of cash that has already been spent on
development.
Driven by FOMO, investment in AI is proceeding as if the value proposition is a done deal.
In other words, AI spending may well be out of touch with reality --- but no one can really say for sure at this point.
Why cant we? There is lot if ineffeciency and theatre being rewarded in the current economy. Lot of stuff is being locally over optimized at the cost of global instability. What is stable about the world economy parking 50% of wealth in the US which has less than 5% of the land or the population of the planet. More people have info more people are going to question it. We have been coasting for very long pretending all this stable.
The Samurai thought they were producing stability too. Overnight they went extinct. Japan did not. Its a lesson in assuming certain organizing and stabilizing structures are permanent.
How can they be when the environment around such legacy structures is constantly changing and these days changing faster than the Shoganate can adapt. The story writes itself.
>> Why cant we?
You do realize they will be Chinese?
https://snscratchpad.com/posts/frontier-ecosystem/
Is Microsoft going to back down? Are they doing to pull back on their commitment to use AI or force AI into all of their products and services?
This feels as if Satya sees where the fees are headed and isn't seeing how those costs are going to be recouped in sales or productivity.
The reality is that the value proposition of AI is unclear --- and will remain so until vendors recoup the huge mountain of cash that has already been spent on development.
Driven by FOMO, investment in AI is proceeding as if the value proposition is a done deal.
In other words, AI spending may well be out of touch with reality --- but no one can really say for sure at this point.
In other words, AI is capitalism gone wild.
Roughly half of current S&P market capitalization is AI related. AI is too big to fail.
This affects the entire economy and everyone in it, whether you directly use or invest in AI or not.