Comment on Silicon Valley sees AI as the solution – for everyone elseparentComments−add-sub-mul-div1moThe economics of AI investment don't make sense without the promise of vast displacement of labor. There's a ceiling on how much value can be created for a company simply by them using AI to crank out a higher throughput of TPS reports.−apercu1moI've been saying "The economics of AI investment don't make sense" for 2 years but this audience in particular doesn't (on the whole) agree.−sublinear1moYes, the value of TPS reports diminishes with throughput.That's why Jevon's Paradox is the dumbest meme we've had this year. The parent concept of marginal utility describes why AI isn't that useful.
Comments
The economics of AI investment don't make sense without the promise of vast displacement of labor. There's a ceiling on how much value can be created for a company simply by them using AI to crank out a higher throughput of TPS reports.
I've been saying "The economics of AI investment don't make sense" for 2 years but this audience in particular doesn't (on the whole) agree.
Yes, the value of TPS reports diminishes with throughput.
That's why Jevon's Paradox is the dumbest meme we've had this year. The parent concept of marginal utility describes why AI isn't that useful.