But that’s normally how innovation goes. There is a big jump, and then a lot of margin work.
People are expecting it to get exponentially better, but these kind of innovations are more a inversed power law.
People are expecting it to get exponentially better, but these kind of innovations are more a inversed power law.
The internet was adding a trillion dollars to the global economy by 2008 and the end of that rapid expansion, where AI is still sucking hundreds of billions a year into a black hole with no killer use cases that could possibly pay off its investment, much less begin adding trillions to the global economy.
And a decade before the web and internet explosion, PCs were similar, with a massive build out and immediate massive returns.
This excuse making for AI is getting old. It needs to put up or shut up because so far it's a joke compared to real advances like the PC and the Internet, all while being hyped by VC collecting companies as the arrival of a literal God.
We look at CPUs or the transmission of digital data and these seem to have improved exponentially but these are rather exceptions and are composed of multiple technologies at different stages. Like how we went from internet through phone lines, to dedicated copper lines for data, to optic fiber straight into to people's homes.
Eg: look how the efficiency of solar cells has progressed over the last 50 years