when electricity was first introduced, its impact on the economy wasn’t very visible or significant for about 40 yrs. factories basically replaced steam engines with electric motors while keeping the same old infra. real exponential acceleration only came when they started tearing everything down and rebuilding factories around electricity from the ground up. we’re seeing something very similar with ai. and it could continue for another 10 yrs or so. we’re creating this incredible technology and then doing what? handing it to humans to use within the same old systems. real deflation won’t arrive until the economy itself is rewired around ai with less and less human involvement.
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