It is the one thing I believe capitalism at some level works for. Invest capital to build something that gives competitive advantage over other capital. Buying newer bigger factory that allows producing more for cheaper to compete with others.
With AI it is white collar work.
This is exactly it. I was talking to my wife about this this morning. She's a sociologist researcher, and a lot of people that work in her organization are responsible for reading through interviews and doing something called coding, where you look for particular themes and then tag them with a particular name associated with that theme. And this is something that people spend a lot of hours on, along with interview transcription, also done by hand.
And I was explaining that I work in tech, so I live in the future to some degree, but that ultimately, even with HIPAA and other regulations, there's too much of a gain here for it not to be deployed eventually, And those people in their time are going to be used differently when that happens. I was speculating that it could be used for interviews as well, but I think I'm less confident there.