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Comment by atleastoptimal

4 hours ago

Not sure what your point is. Stock markets are based on money going into securities based on estimated future value. Even if AI were doubling productivity at a non-AI company, there is more leverage to that money going into an AI company.

The question is, is AI leading to massive productivity gains in companies that implement it? AI productivity gains take time to diffuse, but so far companies in the S&P 500 are seeing very high growth. YOY earnings growth rate for the S&P 500 is 21.7% https://advantage.factset.com/hubfs/Website/Resources%20Sect...

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atleastoptimal

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toasty228  4 hours ago

> YOY earnings growth rate for the S&P 500 is 21.7%

Now remove the companies selling the AI shovels: https://pbs.twimg.com/media/HIAjbZxacAARHwD.png

> Not sure what your point is.

My point is that they're selling us Skynet and the end of employment as we now it, things that we shouldn't even have to measure to perceive the results of, yet no one is able to measure any of it

Pointing a finger at nvidia, google, and the other few companies stuck in circular investment schemes that shouldn't even be legal and saying "OOGA BOOGA line go UP, UP GOOD!" doesn't count in my book

  • Jtarii  6 minutes ago

    Charitably the lag time for this technology to have noticeable effects could just be ~5 years away. Similarly to how computers didn't have a big impact for a decade after they were introduced as people got used to using them.