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

I just hope when (if) the hype is over, we can repurpose the capacities for something useful (e.g. drug discovery etc.)

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?

Because developer and other white-collar job salaries are the top expense of most companies.

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.

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.

Of course that would cause a tremendous drop in demand for the services the schaudenfreuden folks provide, hurting them as well.