Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

America is now one big bet on AI

ft.com

Post reply on HN
Print view View original

51–60 of 193 posts

Re: America is now one big bet on AI

#51

Post by baal80spam »

shubhamjain wrote: post #33

> Foreigners poured a record $290bn into US stocks in the second quarter and now own about 30 per cent of the market — the highest share in post-second world war history. Europeans and Canadians have been boycotting American goods but continue buying US stocks in bulk — especially the tech giants. I fail to find any plausible explanation for this other than the fact that yes, it is a bubble. Tesla, a car company faci…

Why don't you short everything, if you are so sure the bubble is about to burst?

Re: America is now one big bet on AI

#52

Post by findthewords »

bad_haircut72 wrote: post #11

Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.

In the 1900s we called "control over technology" something else, I believe it was "seizing the means of production".

Re: America is now one big bet on AI

#53

Post by a_red_horse »

bad_haircut72 wrote: post #11

Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.

How can I exit this society? Preferably without a shotgun, but man the way things are looking…

Re: America is now one big bet on AI

#55

Post by nonethewiser »

bad_haircut72 wrote: post #11

Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.

OK Foucault

Re: America is now one big bet on AI

#56

Post by dgfitz »

madamelic wrote: post #46
glitchc wrote: post #21

Earlier quoted context omitted.

China's also betting on AI. There's massive domestic effort towards model parity and custom ICs.

Additionally, to my knowledge, China is also doing significantly better on energy production and clean energy at that versus the US. In the US, we are terrified of nuclear and the administration is trying to make economically worse energy production the norm because they are stuck in the past. If there is an AI race, I have zero doubt that China WILL win simply because of energy production and the government's willin…

> If there is an AI race, I have zero doubt that China WILL win.

A race to what? What does the winner get? What does the loser get? What does 'winning' even fucking mean? My statistical next token predictor is better than your statistical next token predictor?

Re: America is now one big bet on AI

#57

Post by andxor »

shubhamjain wrote: post #33

> Foreigners poured a record $290bn into US stocks in the second quarter and now own about 30 per cent of the market — the highest share in post-second world war history. Europeans and Canadians have been boycotting American goods but continue buying US stocks in bulk — especially the tech giants. I fail to find any plausible explanation for this other than the fact that yes, it is a bubble. Tesla, a car company faci…

Bears always sound smarter, but making money in the markets is a whole different game.

Re: America is now one big bet on AI

#58

Post by 1234letshaveatw »

SNosTrAnDbLe wrote: post #26
1234letshaveatw wrote: post #6

Sloppy opinion piece. Stock market increases are bad because it makes rich people happy, but select US sectors are lagging behind Europe which is somehow also bad. Low immigration resulting in a labor force squeeze is bad, but this is offset by reduced demand because of AI, which is, you guessed it, also bad lol

Why is this sloppy. The author is not saying that AI is bad but that the current capital being invested in the UD is mostly betting on AI. If you remove AI then what is left?

I'll try again- if market increases are bad, why is it bad to lag behind certain sectors in he EU? (sidestepping the inconvenient truth for the author that a majority of Americans are invested in the stock market). If a shrinking labor market is bad, why are AI productivity gains bad?

Re: America is now one big bet on AI

#59

Post by goalieca »

cs702 wrote: post #39

Key quote: > The hundreds of billions of dollars companies are investing in AI now account for an astonishing 40 per cent share of US GDP growth this year. In other words, investment in AI is a massive private-sector stimulus program, powering economic growth. Questions for which no one knows the answer include: * Will these AI investments earn a positive rate of return in the aggregate? * Without these investments o…

The 40% investment could presumably go into jobs and infrastructure that might be more durable.

Re: America is now one big bet on AI

#60

Post by simianwords »

bad_haircut72 wrote: post #11

Its not a bubble because the economy isnt actually about trade any more, its about power. The people in power now know that control over technology is the name of the game. It doesnt have to have a return on investment, it has to enable control of public opinion and eventually, robots.

this is not a convincing argument. anything that is useful also grants you power. AI is useful primarily (which is why investments are poured into it) and then it grants power thereby.

it is just simpler to claim that AI is useful hence the investment instead of a roundabout explanation with power.

Post reply on HN