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

(paulkedrosky.com)
337 points throw0101c | 2 comments | 18 Jul 25 19:59 UTC | HN request time: 0.001s | 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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noitpmeder ◴[18 Jul 25 21:06 UTC] No.44609835[source]▶
Because developer and other white-collar job salaries are the top expense of most companies.
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kulahan ◴[18 Jul 25 21:18 UTC] No.44609943[source]▶
Oh boy I can’t wait until we get rid of the highest paying jobs!

Your response doesn’t explain why so many people are hyped about it, just why CEOs are.

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fnimick ◴[18 Jul 25 21:23 UTC] No.44610000[source]▶
There's a lot of non-engineering people who are very happy to see someone else get unemployed by automation for a change. The people who formerly were automating others out of a job are getting a taste of their own medicine.
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1. satyrun ◴[18 Jul 25 21:54 UTC] No.44610229{4}[source]▶
I am not an engineer and I expect my white collar job to be automated.

The reason to be excited economically for this is if it happens it will be massively deflationary. Pretending CEOs are just going to pocket the money is economically stupid.

Being able to use a super intelligence has been a long time dream too.

What is depressing is the amount of tech workers who have no interest in technological advancement.

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2. overgard ◴[18 Jul 25 22:47 UTC] No.44610639[source]▶
I'm not sure exactly what you mean by deflationary, but in general deflation in an economy is a very bad thing. The most significant period of economic deflation in the US was 1930-1933, ie, the great depression, and the most recent period was the great recession.

And since when do business executives NOT pocket the money? Pretty much the only exception is when they reinvest the savings into the business, for more growth, but that reinvestment and growth usually is only something the rest of us care about if it involves hiring..