Previous generations of technological change of the calibre we are told AI will be also required major changes to the real world and new products to be built: new cell towers had to be constructed, fibre cables laid, data centers built, personal computers produced, warehouses established. And software needed to be fundamentally rewritten to support each of these generations too. And yet the companies doing that in those previous generations managed to produce huge profits significantly faster than Generative AI has.

That's my biggest concern with it, I don't see the business case closing anywhere, and without businesses that actually make money all the technology in the world doesn't actually do anything.