That’s the amount of economic value AI will have to deliver to justify all the investment
But don’t worry, its providing great new jobs for humans!
AI agents rent a human, complete captchas for £0.02 per pack of 5.
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
Bro please just 6 trilly bro we’re almost there I swear just 6 trillies per year and we good bro please
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.
Guys, it’s not a bubble. Super not a bubble. Totally, for sure not a bubble. Not even a little bit a bubble.
(/s)
that’s more than the gdp of all but just two nations (usa, prc) on the entire planet.
Yep. Supposedly would be worth more than the entire global oil & gas industry.
Yahuh… Chatbots.
Nothing a little more inflation can’t fix!
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?
History has been consistent in showing that capitalism gives zero cares about long term consequences for short term profit.
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.
It is not going to though. And even if it was capable of that, it still wouldn’t provide them with anything near 6 trillions.
Not hard after you replace a huge percent of the workforce.
curious if China is having similar problems with keeping the bubble inflated.
so they are attempting(successfully so) to weaponize the bubble against western economies and essentially not be caught holding “the flower” when the music stops.
neat.
