The AI Investment Boom

I remember listening to Dr Robert Martin who was leading Bell Labs in the late 90s and he talked about how the bandwidth capacity was pushing to infinity while cost per bit was pushing towards zero and we all know how that ended for the optical capacity builders of that time before the bubble popped. Is there a case for intelligence being inexhaustible to demand ? Is there a case for, as Sama says, the cost for intelligence as in input to a system converges with the price of electricity needed to power the gpu behind it in the daya center? Yes and yes. Still the same could be said for a bit of bandwidth.

I am very skeptical of the positive effects of infite intelligence on the living standards of knowledge workes.

On the more pessimistic end, AI will replace us and we'll be sent to the coal mines.

On the possibly most optimistic end, living standards are a composite of many things rooted in reality, so I'd say the actual cap is about doubling of life quality, which is not nothing, but not unprecendented if we look at the past century and a half.

The ideal scenario in my mind is that intelligent and benevolent AI takes over running things and then people have to figure out how to make their life meaningful with only leisure time.

There is no long-term time scale in which humans running things do not obliterate each other or end up sitting on a planet filled with trash.

Either we figure out how to colonize other planets or we hand over the reigns to something that can plan long term and not be irrational.

Maybe if we figure out immortality it might work, but with the short life span of a human there is no way to not be short-sited or eventually end up with the wrong person in charge the button.