On interest rates I guess this is one of the concerns:
"AI “definitely is, in the short and medium run, a force that increases both natural rates and potentially price pressures,” Arellano said. But other shifting pieces of the U.S. economy appear to be significantly offsetting the effect of AI investment, for now. If accelerating AI investment were to outpace the residential slowdown—or if rates were to fall and residential investment rebound—spiking aggregate investment would mean strong demand and even more upward pressure on rates."
The doctor said I was sick...but I did not die on Tuesday, so checkmate!
You are confusing an imprecise prognosis with a false diagnosis. And The funniest part is that "he keeps writing, therefore he was proven wrong" contains no actual proof that he is wrong.
Imprecise and incorrect are the same thing when it comes to an exact science. His predictions include dates and that makes them binary. You can only be right or wrong. Being close is still incorrect, and he's not even close.
Indeed. I’m baffled by the comments here. He predicted that a plateau had been reached multiple times in Spring 2024, and now more than two years have passed and capabilities have exploded since then.
He wasn’t being imprecise, he wasn’t “correct in spirit”, he was DEAD WRONG.
Unfortunately, anti-AI sentiment on HN is for some people so ridiculously pronounced, that you can get them to say the most insane stuff. I had a couple of people the other day responding to a sarcastic comment, agreeing that being an alcoholic is cooler than using AI.
Sad state of affairs. You cannot reason with these people.
Usually when people feel passionately about their beliefs, in disagreement to your own, it is because they are unreasonable idiots, unable to contend with different systems of values.
It’s more like if Zitron was a doctor his prognosis would be “you’re going to die on Tuesday” and you come back on Wednesday (after not dying on Tuesday) and he defends it by saying “everybody dies”.
The US politicians class is corrupt and captured by special interests. These 17B were already as provisions on their balance sheet. They will spend four times this in the next data center....
Two weeks ago, CNBC invited one of their "experts" who focus on SpaceX, and he said they have 10 million satellites in orbit. This is the current level of financial journalism available on "specialized" financial channels...
