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?

I'm afraid that this might sound flippant, but the answer to your question comes through another question - why were early 19th century industrialists obsessed with replacing textile workers? Replacing workers with machines is not a new phenomenon and we have gone through countless waves of social upheaval as a result of it. The debate we're currently having about AI has been rehearsed many, many times and there are few truly novel points being made.

If you want to understand our current moment, I would urge you to study that history.

https://en.wikipedia.org/wiki/Swing_Riots

We could produce more cloth in safer working conditions.