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AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

gizmodo.com

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Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#43

Post by sib »

phendrenad2 wrote: post #6

I'm sure we can find stories from the 1980s and 1990s about how the "world wide web" hasn't increased the GDP at all.

Given that the first communication between a web server and client was in December 1990 (and that was private to Tim B-L's environment), and it was released to the public in 1991, I bet we actually couldn't find such stories in the 1980s :)

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#44

Post by galleywest200 »

petcat wrote: post #39
yifanl wrote: post #24

Earlier quoted context omitted.

The difference being that AI's marketing has been significantly more prevalent than any early computing efforts.

This seems false to me. Commodore and Apple were blitzing every advertising medium and especially TV ads in the early 1980s.

Atari too

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#46

Post by qudat »

codexon wrote: post #15
deterministic wrote: post #12

I completely agree. If AI can't do 100% of a job then you can't remove the job. And most jobs that can be automated already has been automated using traditional software.

You can replace it with a much lower paid employee though.

You definitely cannot. Code org, architecture, and system design are senior level roles and responsibilities.

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#47

Post by ozim »

preommr wrote: post #21
d_watt wrote: post #11

It took 20 years for computers to "add" to the economy. https://en.wikipedia.org/wiki/Productivity_paradox

I am not saying this to be sarcastic - the problem is that people from OpenAI/Antrhopic are saying things like superintelligence in 3 years, or boris saying coding is solved and that 100% of his code is written by AI. It's not good enough to just say oreo ceos say we need to more oreos. There's a real grey area where these tools are useful in some capacity, and in that confusion we're spending billions. Too may peopl…

AI companies don’t have 20 years, they have max 5 years where they have to turn to profit.

They don’t have time to wait for all the companies to pick up use of AI tooling in their own pace.

So they lie and try to manufacture demand. Well demand is there but they have to manufacture FOMO so that demand materializes now and not in 20 or 10 years.

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#48

Post by EA-3167 »

co_king_5 wrote: post #38
preommr wrote: post #21

Earlier quoted context omitted.

I am not saying this to be sarcastic - the problem is that people from OpenAI/Antrhopic are saying things like superintelligence in 3 years, or boris saying coding is solved and that 100% of his code is written by AI. It's not good enough to just say oreo ceos say we need to more oreos. There's a real grey area where these tools are useful in some capacity, and in that confusion we're spending billions. Too may peopl…

[dead]

It’s amazing that economic analysis can be dismissed by “feeling the AGI”.

You might as well be telling people to “HODL”

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#49

Post by brokencode »

pluto_modadic wrote: post #5

Why do I have a feeling that this will be ignored as biased by the people who need to read it the most.

Why do I get the feeling that AI skeptics will treat it as definitive and irrefutable proof that they were right all along even though it’s one data point in an industry that’s hasn’t even been around for 5 years.

Re: AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

#50

Post by keybored »

ekjhgkejhgk wrote: post #17
sillyfluke wrote: post #4

Bottom line, no one's buying your vibeslop when they can create and maintain their own for their custom needs. And if we're not buying each others vibeslop there's no productivity to be measured in the economy. With all this recent Claw stuff, it's weird that as people who should be championing the opposite due to our field of study or industry, some of us are now pushing a method of automation that is akin to robo v…

> a method of automation that is akin to robo vaccums randomly tracking dogshit across the carpet. Is it possible that this sort of problem will be fixed? Hypothetically, what would happen in a scenario where one of these apps can do in 1 hr the work that would take a developer a month, reliably? Or is your premise that will NEVER happen?

No need to stress out over us rank and file answering that question. An entire economy is boiling based on it.
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