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I think it is a fallacy to assume AI being able to economically out-compete a lot of human labor means explosive growth, as opposed to a slightly higher rate of growth. There are still going to be scarcity of key inputs and various important bottlenecks, some material, some conceptual (discovery, innovation) and some regulatory (including important geopolitical considerations). Consider electricity, prices have recently gone way up, everything up and down the chain is tight, and production growth is paltry compared to demand. Yeah, "that's what's booms are always like", ok, but this boom is just going to keep booming now because power = production = money. Even with big efficiency gains, AI still can't explode without electricity exploding, and, domestically, it's not, it can't keep up. We need 1,000 more nuclear reactors in a decade - yes, one thousand, two new brought online per week - and we'd be lucky to get two -total- the normal way at the currently expected rate. Things are changing fast, but they can still only get physically built and operating in reality so fast. China builds biggest fastest, so in retrospect we'll probably say our stupid refusal to allow ourselves to keep pace is how they won the future.

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Karl A's avatar

Regarding AI, it is worth listening to the Dwarkesh interview with Sergey Levine .

https://www.dwarkesh.com/p/sergey-levine

Levine is a Professor at Berkeley and is working on using LLM like models for physical robots. His estimate is that in about 5 years there will be useful physical robots.

It doesn't really matter if these are AGI.

A robot that could be really useful in construction, agriculture, mining and other physical tasks would be transformative.

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