Yes and this is in line with the idea that 99%+ of the value created by AI will be captured by the broader economy, not OpenAI and friends.
That being said, even local AI will still be displacing humans fast and it's not clear new jobs will be created fast enough. Regulations and policies will be needed imo.
That being said, even local AI will still be displacing humans fast and it's not clear new jobs will be created fast enough. Regulations and policies will be needed imo.