Andrew Sage
๐ค SpeakerAppearances Over Time
Podcast Appearances
One of the only things stopping it from getting stopping the situation from getting worse is that AI spending on data centers and shit is propping up the image of the economy.
That's what this is all about.
Yeah, and this is something where he can simultaneously shore up his tech base and shore up his landlord base.
Which are, like, two guys he's got left.
Two kinds of guys that do like Donald Trump.
I guess there's an end here where I could, I wanted to make a note about something also related to AI, which is that there's an incredibly stupid article in Vox that came out this week.
Like literally the title is like, America, you've made it very clear that you hate AI, but what if it's the only way to restart the idea machine?
And this dipshit columnist argument is that like, well, we're running out of ideas.
And AI, like human beings can't come up with ideas enough to create growth at the level that the economy needs to be growing.
And in order to like take humanity into the future, really AI is the only way to generate more new ideas.
And I wanted to look at, like, what is this based off of?
And I think I figured out what, like, the fundamental source of all of this shit is, which is back in 2017, there was a research paper put out by the National Bureau of Economic Research by Nicholas Bloom, Charles Jones, John Van Rienen, and Michael Webb.
The kind of summary of that article reads as follows.
In many growth models, economic growth arises from people creating ideas.
And in the long run, growth rate is the product of two terms, the effective number of researchers and their research productivity.
We present a wide range of evidence for various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply.