Did the invention of the steam engine and all other heavy machines make us physically weaker? I guess so. People working on (literal) heavy stuff don't need the strength they used to.
But now they move around even more heavy stuff with machines.
I think something similar might happen to our brains. Maybe we won't be able to work ourselfs through every detail of a mathematical proof, of a software program, or a treatsie on philosophy. But we'll abe able to accomplish intellectual work that only really smart poeple could accomplish. I think this is what counts: outcome.
I spent 15 minutes looking at the diagram in the article and tried to figure out how I can conclude whether it's a bubble.
I couldn't conclude it.
It's just a diagram that shows the economic relationship between companies. If they'd all merge into MegaAI, these flows would just be departments supporting each other on different AI projects.
It's not suitable to prove a bubble.
I think a bubble is nothing else than a sudden change in expected value. Currently, the market expects that AI is very valuable because of actual practical value.
In this expectation there's also future improvements which might or might not come.
We might see a crash if we realize that this technology reached its limits. Then, we'll all look poorer on paper in the reverse way that we look richer on paper now than 12 months ago.
However, I don't think anything serious will happen if such a crash would occur. It's not that people take loans to bet on these stocks.
(Even the 2008 housing bubble could be seen as a temporary market correction when looking at the long-term real estate prices. Housing is much more expensive today than on the peak of that bubble.)
Because we cannot accept a certain piece of software as finished.
It doesn't mean there aren't any updates. However, in the iOS store I can update some apps every week.
On the other hand, I very much like the F-Droid store. There are so many useful and user-friendly apps. They work and stay like this for a long time.
I suspect the underlying topic here is money. Open source apps don't get much funding. So the developers need to focus on the essentials and get them right.
On the other hand, subscription-based apps have a steady inflow of money. For some reason, they need to constantly work on these and add new features with marginal utility. I regret having updated some iOS apps. They were working perfectly fine in 2018 but have added bloat and bugs since then.
If you would establish a price and someone would pick up your name for another price, would that make you happy?
Alfred Nobel did not establish a price in economics. So IMHO this price should not have his name. Sure, the official name is a bit bulky. We can certainly find something more appropriate.
The author seems to imply that there's a Nobel Prize in economics. There is no such prize. There's only: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
But now they move around even more heavy stuff with machines.
I think something similar might happen to our brains. Maybe we won't be able to work ourselfs through every detail of a mathematical proof, of a software program, or a treatsie on philosophy. But we'll abe able to accomplish intellectual work that only really smart poeple could accomplish. I think this is what counts: outcome.