Or, look at it another way. Is any demonstrated and existing AI system going to change the world? No. In short timeline worlds, there is rapid iteration, every few weeks, of better systems. At a certain point, instead of getting diminishing returns, where each iteration doesn’t result in much improvement, you get accelerating returns because the current AI system is good enough to accelerate the development of AI.
This may or may not be happen but it’s not written on the annual report of any company or a possibility known to the market as anything more than decades of AI hype which is already “priced in”.
If this does happen, it was possible because there is enormously more compute available. Something the market is apparently not pricing in.
The market doesn’t account for black swans.
Or, look at it another way. Is any demonstrated and existing AI system going to change the world? No. In short timeline worlds, there is rapid iteration, every few weeks, of better systems. At a certain point, instead of getting diminishing returns, where each iteration doesn’t result in much improvement, you get accelerating returns because the current AI system is good enough to accelerate the development of AI.
This may or may not be happen but it’s not written on the annual report of any company or a possibility known to the market as anything more than decades of AI hype which is already “priced in”.
If this does happen, it was possible because there is enormously more compute available. Something the market is apparently not pricing in.