That’s the amount of economic value AI will have to deliver to justify all the investment
Bro please just 6 trilly bro we’re almost there I swear just 6 trillies per year and we good bro please
This is pretty easily doable. If everyone who uses ChatGPT paid $6700 per month as a subscription fee then OpenAI could cover this cost alone. /s
that’s more than the gdp of all but just two nations (usa, prc) on the entire planet.
So, either the bubble bursts and 99% of the sector’s value evaporates in a spectacular flash… or, one of these stochastic parrots turns into a magical genie that gives Sam Altman three wishes.
He likes those odds!
Which would suit me fine if it was just that sector’s value that evaporated. I’d be happy to never hear of OpenAI, Anthropic or even NVidia ever again. But it won’t just wipe them our, it’ll hit the vast array of banks, investment funds (including people’s superannuation and 401ks) funding them, and kill the world economy.
It should still definitely happen though, and sooner rather than later, the longer it’s delayed the bigger the bubble gets and the longer the recovery is likely to be.
Fuck the banks first of all I hope they die. But the feds will bail them out, either party, both parties will bail them out, borrowing other peoples’ money is their reason for being.
The end goal is to replace labor
Might be… But then who’s going to pay those $6T to Anthropic and/or OpenAI when there is no longer an economy?
I think it is non-manual labour that they want to replace. In their world, people will still have to earn money, but not with their brain or expertise but with their hands and/or bodies.
Well, Robotics is (allegedly) making big progress too. Have you seen those robot dogs replacing security guards, self-driving cars replacing human drivers, or the level of automation reported in Chinese car factories? Even warfare has changed, largely automating the once manual job of murdering your neighbors.
But that aside, even if manual labor still exists in this future automation dystopia, if it’s all that’s left, the economy will still shrink considerably.
