alt Hacker NewsI was told AI makes people more productive so the costs should easily pay for themselves in the form of more revenue.
Replies
sputknick • yesterday at 6:48 PM
Maybe the lesson here is we shouldn't rely on the guys selling picks and shovels when determining if we should be buying picks and shovels.
➕ show 1 reply
lokar • yesterday at 6:50 PM
The main question is: what is demand elasticity for software?
If it low, and lower prices won’t generate much new demand, we should expect AI to improve engineering productivity, and for companies to reduce staff.
If it is high, then we should see companies hire more engineers, increase output and lower prices (and earn more).
➕ show 3 replies
I'm coming around to it being like getting a pair of industrial grade yak clippers. Yes, there will be a lot of shiny yaks, but the market for shiny yaks is low.