Aside from consumer demands, AGI and ASI (and the pursue of it) should present an even greater demand from the government side as major countries perceive such pursue as an existential crisis:
Maybe AGI and ASI might be technologically far away, but the active pursue of it from states should benefit some firms directly and trickle down to others indirectly.
How significant?
You cited $255B of AI capex being comparable to NZ's GDP.
How about the $500B in stargate? Shouldn't this warrant some attention?
Stargate is a vision with a fraction of funds committed. For the Big Tech the 255B is in their bank accounts ready to spend.
As for AI development, long-term is bright. is just that it is never a smooth ride. they are often inflated expectations and over investment at some point. needs to trim the excess for sustainable growth. and dont forget human resistance to change means adoption is slower than we think. case in point, autonomous driving is safer than human drivers, why dont we switch now?
At one time, every aspiring car makers want to build EVs, and many (especially in China) died while doing so. So same thing for these AI models, there will be consolidation and burnt-out..when some of them cannot find commercial customers for it and run out of cash to burn.
At least in theory, next milestone for AI is AGI: https://en.wikipedia.org/wiki/Artificial_general_intelligence
Then ASI: https://en.wikipedia.org/wiki/Superintelligence
Do you have any insights on AGI and ASI?
Aside from consumer demands, AGI and ASI (and the pursue of it) should present an even greater demand from the government side as major countries perceive such pursue as an existential crisis:
https://en.wikipedia.org/wiki/Existential_risk_from_artificial_intelligence
Maybe AGI and ASI might be technologically far away, but the active pursue of it from states should benefit some firms directly and trickle down to others indirectly.
How significant?
You cited $255B of AI capex being comparable to NZ's GDP.
How about the $500B in stargate? Shouldn't this warrant some attention?
https://www.reuters.com/technology/openai-eyeing-more-data-centers-texas-other-states-stargate-bloomberg-news-2025-02-06/
Stargate is a vision with a fraction of funds committed. For the Big Tech the 255B is in their bank accounts ready to spend.
As for AI development, long-term is bright. is just that it is never a smooth ride. they are often inflated expectations and over investment at some point. needs to trim the excess for sustainable growth. and dont forget human resistance to change means adoption is slower than we think. case in point, autonomous driving is safer than human drivers, why dont we switch now?
At one time, every aspiring car makers want to build EVs, and many (especially in China) died while doing so. So same thing for these AI models, there will be consolidation and burnt-out..when some of them cannot find commercial customers for it and run out of cash to burn.