(1) Stock market keeps rallying while the only growth and capex is in AI
(2) Mass layoffs of human workers
(3) Giant spike in resource consumption caused by explosive growth in datacenters
Would you think humans and their error-prone systems had led to this by a series of accidents and greedy investments? As I think we are primed to believe after tulips, railroads, junk bonds, Web 1.0, etc?
How different would it look right now in November of 2025 if Sam had an AGI in pocket that was using all that money to grow itself?
On a less drastic note, if AI were autonomously cannibalizing the economy, you'd run into more things and go "huh I guess that's run by AI now" instead of "ah godammit why did they shove an LLM in this workflow".
Hold onto your butts, this time next year none of us will be working.
Any year before 2008, no.
On a more serious note though, I think you're zoomed in on the wrong pieces of the puzzle. (1) and (3) are just reflections of Nvidia's valuation, and (2) needs more time to be fully substantiated.
> How different would it look right now in November of 2025 if Sam had an AGI in pocket that was using all that money to grow itself?
I don't even know what an AGI is at this point. Who knows.
We've been here before, nothing has been proven yet, and the trough of disillusionment is lurking now too.
This tech is not going anywhere at the time being (next 5 years). I am at the confidence where I'll bet on this. I also think unlocking the next step will require further theoretical and technical advances.