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AI capex is so big that it's affecting economic statistics

(paulkedrosky.com)
337 points throw0101c | 1 comments | 18 Jul 25 19:59 UTC | HN request time: 0.56s | source
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oytis ◴[18 Jul 25 20:21 UTC] No.44609364[source]▶
I just hope when (if) the hype is over, we can repurpose the capacities for something useful (e.g. drug discovery etc.)
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baxtr ◴[18 Jul 25 21:00 UTC] No.44609785[source]▶
Re hype: Why is it that so many people are completely obsessed with replacing all developers and any other white-collar job? They seem to be totally convinced that this will happen. 100%

To me, this all sounds like an “end-of-the-world” nihilistic wet dream, and I don’t buy the hype.

Is it’s just me?

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1. phil21 ◴[18 Jul 25 21:10 UTC] No.44609872[source]▶
Same reason so many people got excited in the early Internet days of how much work and effort could be saved by interconnecting everyone. So many jobs lost to history due to such an invention. Stock trading floors no longer exist, call centers drastically minimized, retail shopping completely changing, etc.

I had the same thought you did back then. If I could build a company with 3 people pulling a couple million of revenue per year, what did that mean to society when the average before that was maybe a couple dozen folks?

Technology concentrates gains to those that can deploy it - either through knowledge, skill, or pure brute force deployment of capital.