AI isn't replacing jobs. AI spending is

That's an interesting point that I haven't considered before: that the narrative of AI replacing jobs plus the widespread cheating in school using LLMs is making students less engaged and new graduates less employable, becoming a self-fulfilling prophecy for AI.

A little bit off topic: but I couldn't even start to read the article because "I reached my article limit" out of I site I never visited before... What are they using to determine how many articles I've read?

Opening in a private window solved the issue, however I'm pretty sure I don't regularly read anything on this site (maybe never was an overstatement?).

https://archive.is/9sdT5

Matter of time until markets reckon with AI investment crowding out non-AI investment (cf. the massive oversubscription of Meta's latest bond offering). Must suck to be a small-cap firm squeezed by tariffs raising costs, unemployment lowering demand, and AI investment raising your own non-AI cost of borrowing.

Have they managed to bring archive.ph down?

I can't read the article but that won't stop me from commenting..

This year alone something like 400B was spent on investing in chips, datacenters, electricity buildouts. That's 400B that could have otherwise been invested in people.

While i don't doubt that people will find a few solid business cases for LLMs, i am on team-bubble. I don't think this investment will add 400B worth of value and I very much doubt that this 400B is any good for future growth or long-term aspirations of AGI. Investing 400B into people and (tech) manufacturing would be a solid long-term bet with benefits.

https://archive.is/9sdT5

wait until the GPUs and data centers start getting written off for being obsolete in a couple years when we still have nothin but fancy auto complete.