The Economic Case for Generative AI and Foundation Models | Andreessen Horowitz
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With generative AI, we’re already seeing use cases with orders-of-magnitude improvement in time, cost, and performance over previous AI waves.
  • LughOPMAEnglish
    1·
    1 year ago

    This is a statement of the optimistic and rosy outlook for AI and jobs. Their argument is based on Jevons paradox, an observation in economics that as the marginal cost goes down then demand goes up. I wonder how this will hold up when we have some version of AGI that can do all work (even physical work via robots). If no one can compete with this AGI for wages - who pays for all the demand?