alt Hacker NewsTotal US GDP is ~31 trillion, so that's only like 5%. I think it's conceivable that AI could result in ~5% of GDP in additional revenue. Not saying it's guaranteed, but it's hardly an implausible figure. And of course it's even less considering global GDP.
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It's conceivable to us working in white collar knowledge jobs where our input and output is language. Will it also make 5% more homes built by a carpenter?
Have you ever seen US GDP go up 5% yearly for several years?
So for that GDP gotta show growth of over 5% extra to other growth sources (so total yearly growth will be pretty high). I doubt this will materialise
I love HN, you can't get stuff like this anywhere else, the DKE from posters here - you can't get it anywhere else!
You're saying that the entire increase in US GDP goes into the pockets of like 5 companies.
Yup. If you follow the links to the original JP Morgan quote, it's not crazy:
> Big picture, to drive a 10% return on our modeled AI investments through 2030 would require ~$650 billion of annual revenue into perpetuity, which is an astonishingly large number. But for context, that equates to 58bp of global GDP, or $34.72/month from every current iPhone user...