I don’t see how it results in anything other than an economic disaster. If all the capex spending the Mag7 are doing doesn’t payoff then we’ll see a dot-com style crash in the Nasdaq/tech stocks since current valuations are basically pricing in AGI already.
If the capex does payoff with some sort of AGI model, then we’ll see why these companies were investing so much in AI in the first place. Which was to cut jobs and become more “efficient”. So then we could be facing a mass unemployment and collapsing wages crises.
rewindcrippledrag0n on
Nice try Monsieur Arnault, but it’s over.
AI_Renaissance on
It will also crash the power grid if we don’t switch to something more sustainable too.
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I don’t see how it results in anything other than an economic disaster. If all the capex spending the Mag7 are doing doesn’t payoff then we’ll see a dot-com style crash in the Nasdaq/tech stocks since current valuations are basically pricing in AGI already.
If the capex does payoff with some sort of AGI model, then we’ll see why these companies were investing so much in AI in the first place. Which was to cut jobs and become more “efficient”. So then we could be facing a mass unemployment and collapsing wages crises.
Nice try Monsieur Arnault, but it’s over.
It will also crash the power grid if we don’t switch to something more sustainable too.