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Comment · 10 months ago
Comment · 10 months ago
And China is really good at executing on long term 5-10 year plans. I am sure they have really smart scientists advising the government to pace themselves unlike the US where pretty much all of the GDP growth came from AI spend.
Comment · 10 months ago
"paying an ad-tax to the gatekeepers of eyeballs" is such a great analogy for paying for google/fb ads. Its disheartening that to sell anything online you have to pay these companies thousands of dollars just to get in front of people.
Comment · 10 months ago
Yes, it would assuming pension funds have AI/Tech stock exposure.

- A rule of thumb suggested by one study is that every $100 drop in stock market wealth leads, on average, to a $3.20 drop in consumer spending. Under such an assumption, a dotcom-style crash would cut American consumption by about $890bn, or 2.9% of GDP.

Comment · 10 months ago
A rule of thumb suggested by one study is that every $100 drop in stock market wealth leads, on average, to a $3.20 drop in consumer spending. Under such an assumption, a dotcom-style crash would cut American consumption by about $890bn, or 2.9% of GDP.
Comment · 10 months ago
- The above totals do not include indirect holdings-such as investments via pension funds and life-insurance companies-of which American households have some $20T.
Comment · 10 months ago
https://archive.md/EzGW2

- A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.

Comment · 11 months ago
The industry will truly only find out how well AI adoption is going if it allows users both internal (employees, tech workers) and external (general users/consumers) to fully opt-out.

AI is being forced down peoples' throat. Millions want to but cannot disable Gemini from Gmail. Many SWEs don't want to use AI tools but managers are forcing them to do so.

How do you know if something is really liked/needed/wanted when there is no opt-out?

Comment · 11 months ago
Key points:

- Overall, 59 percent said they regard AI as a threat to their future job prospects, far more than immigration (31 percent).

- 43 percent said they were already struggling financially or had limited financial security.

- Fifty seven percent felt the country is headed down the wrong path. During the 2009 recession, that number was only 37 percent.

- When asked about political violence, 28 percent said they view it as “acceptable when the government violates individual rights.”

Comment · 11 months ago
Comment · 11 months ago

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