> but the US economy is currently buoyed by promises of AI replacing the workforce across the board.
Still don't understand what's the end goal here. Assuming they don't deliver, then there are billions of investments that will go bust. Assuming they deliver, millions lose their jobs and there's going to be a bloodbath on the streets.
the end goal is productivity growth, aka the point of nearly every technology ever invented. The human story is about how we learn to do more with less.
https://archive.org/details/JacquesEllulTheTechnologicalSoci...
There isn't a unifying end goal, each individual actor has the goal of getting more money.
> Assuming they don't deliver, then there are billions of investments that will go bust. Assuming they deliver, millions lose their jobs and there's going to be a bloodbath on the streets.
There is a third outcome that combines both of these.
LLMs can massively displace the workforce (and cause widespread social instability) AND the companies pouring hundreds of billions into them right now could, at the same time, fail to capture significant amounts of the labor savings value as late-mover alternatives run the race drafting their progress without the massive spend.
I'd honestly be surprised if this double-whammy isn't the outcome at this point. AI is going to have a massive impact on everything, but there is still no moat in sight.