Earlier quoted context omitted.
> bad for the US economy Almost certainly not in the long term. If AI is a productivity enhancer, which I think we have evidence for, then the American economy’s heft (and continuing dynamism) get a tailwind. The minority of the new, leveraged economy getting hit will be a short-term painful adjustment, but it need not be anything more.
The longer the US AI strategy continues to be to bet on openai/anthropic the bigger it will be the US economy impact. The US bounced back from the dotcom crash and the 2008 crash, it does not mean it will bounce back after an AI crash.
It almost certainly will. AI dominates growth. It doesn’t dominate the actual economy. Most spending and investment is entirely decoupled from it.