AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
948 reposts2.3K likes
AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
948 reposts2.3K likes
So, Goldman Sachs says this, and Deutsche Bank says the opposite. Both interpretations are bad for AI, but still…. fortune.com/2025/12/23/u...
But the oligarchs keep getting richer on just the promise of total control from their scam for it. bsky.app/profile/gizm...
AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
OTOH there’s precedent known as the Productivity Paradox. For example, it took until the 2000s to find conclusive evidence that *computers* had any effect on overall productivity or economic growth. And this is the norm with so-called general purpose technologies. en.wikipedia.org/wiki/Product...
But humans don't make profit for like the first 20years.... 🤦♂️ bsky.app/profile/math...
WTAF?🤦♂️ Altman thinks ChatGPT’s energy discussions are “unfair" especially “how much energy it takes to train an AI model relative to how much it costs a human to do 1 inference query. It takes a lot of energy to train a human, It takes like 20yrs of life & all the food you eat before you get smart."
Ah, but credit default swaps on major AI companies are soaring, harkening back to an earlier time. economictimes.indiatimes.com/news/interna...
@akhilrao.bsky.social Given this and low unemployment numbers, would this be what we'd expect to see if the tech's value is going to labor? Workers putting in same number of hours, getting paid the same, but productivity benefits are going to labor in the form of free time or flexible time?