11–20 of 98 posts
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
The acceleration of the speed of technological growth seems real, look how fast AI research and tools are advancing seemingly on a daily basis, rather than innovation happening in months, years or decades long timescales.
Think about the rate of progress of the steam engine, and then think about technology since the splitting of the atom. Warp speed!
Earlier quoted context omitted.
I think the speedups and conveniences of modern IT and the Internet have been massive: I can bank from my pocket, review the best photos out of 100k+ just when riding a tram, get virtually any good produced anywhere delivered to my doorstep in 1-3 business days (and it will be the exact kind and make I chose, not something that happened to be available), read virtually any book ever published while my appointment is…
And most of the time savings gained from all this is blown on grind clicking "social media" so net effect is, yes, close to zero (or in more modern terms, not 100x, not 10x, but 1x at most).
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
1) Give some (frontier) model my symptoms, circumstances, etc.
2) Model outputs a list of possible causes, some more urgent than others
3) If its not something benign, I go to a doctor
4) Doctor orders blood work, checks me up, and I discuss possible diagnoses with them.
Around 60-70% of the time the model was correct about the illness, the doctor just confirms it with empirical evidence. This means that I am able to pretty effectively triage myself, saving me a considerable amount of time.
Now its already the case that the role of doctors is diminishing in medical practice, and Nurse Practitioners are performing the majority of the same work. Armed with AI tools, Nurse Practitioners are effectively at the same level of skill and knowledge as an actual MD, and we would need far less MDs, then to do medical care, reserving them for specialty cases, expertise where AI tends to fail. So there is both more room for particular and intricate medical research and care for the most stubborn conditions, and more capacity for care in general.
In the long run, this will lead to improved outcomes, greater cognitive and physical health, and lower costs for child rearing. All of this is an economic boon. And all of it will not be apparent in the numbers for decades. I believe this is the case for the majority of the processes that AI is improving.
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.
Internet is the foundation of the global almost automated distribution networks and has brought the ability to target your consumers in a way that's cheap and effective. Usa exports tons of digital services that balance the trade ledger. I don't understand this stance.
Will we see any growth acceleration? The Internet doesn't seem to have had this effect. AI may turn out to nothing in terms of gdp growth or even be hugely deflationary.