With this stuff I immediately wish I was more economically literate. Bare with me. Let’s say one of these labs can use agents to replicate work otherwise done by humans. This proves that anyone with agents can eventually do this, unfortunately I don’t think its a moat like a platform (like facebook) provides, given that everyone is leapfrogging each-other constantly. Thus, it kind of becomes a commodity / low margin business?
Depending on the type of output, the value immediately (?) goes to the electricity cost of the LLMs and the cost of materials. So: more “efficient”, but without a big margin, right? So its cheaper for the workers that remain working, other workers are displaced, and capital owners now have a super slim margin business which can be instantly replicated at a place where material cost are lower (?).
Thus, it almost seems like “value add” by humans would in this simplified view be vastly diminished, and all that remains is resource wealth. Pop the materials in on one end and let the AI manufacture the product. Great news for the third world assuming the USA doesn't invade them.
Also, whose the consumer? Or are we going back to a strange medieval time where consumers are not of concern?
I don’t know what to think
Depending on the type of output, the value immediately (?) goes to the electricity cost of the LLMs and the cost of materials. So: more “efficient”, but without a big margin, right? So its cheaper for the workers that remain working, other workers are displaced, and capital owners now have a super slim margin business which can be instantly replicated at a place where material cost are lower (?).
Thus, it almost seems like “value add” by humans would in this simplified view be vastly diminished, and all that remains is resource wealth. Pop the materials in on one end and let the AI manufacture the product. Great news for the third world assuming the USA doesn't invade them.
Also, whose the consumer? Or are we going back to a strange medieval time where consumers are not of concern?
I don’t know what to think