Another MIT study: if we AI-augmented R&D widely in the US, our productive economic growth rate would double. The authors argue this would be permanent, forever increasing the rate of technological progress:
https://www.sciencedirect.com/science/article/pii/S004873332...
I bet a true accounting of all the economic impacts of semiconductor technologies will show these have far more value than Meta, Instagram, Snapchat, TikTok all combined. The stuff built on top of deep technology has higher PR value -- but the deeper tech has far more economic value. Same with AI.