I agree. It's not trendy to have much appreciation for capitalism these days, but it's hard to ignore that the fierce competition in this space seems like it's going to result in commoditized productivity gains for the masses rather than monopolistic/oligopolistic extraction. At least for the near future.

There are plenty of entities that don't pay property taxes. Charities, religious facilities, some disabled people, spouses of fallen service members.

> spouses of fallen service

What if they get remarried?

But then in the second portion of your comment you seem to be implying that it's all hype and nothing to worry about.

Just because something more powerful will be out in a year, doesn't mean we shouldn't worry about the one arriving in 6 months.

If you have no vulnerabilities in your code you have nothing to worry about

This comment must be a joke. It is not even remotely debatable that the US has the strongest military in the world.

Outside of nuclear MAD, if the US were in a total war scenario against any other country in the world, the US would win every time with the sole exception on maybe China.

Insights from a real estate perspective: Most of the jobs that have the highest AI exposure are office jobs. Clerks, assistants, secretaries, software developers, bookkeepers, customer service, lawyers, etc. There has been a narrative the past couple years that office real estate was recovering as companies returned to office. If AI job losses materialize, it looks like there may be a second hit to that sector.

Wouldn't you consider the Maduro capture a minimally lethal operation?

If the AI were instead human, that human would almost certainly be cited as a co-author, contributor, or whatever.

Of course there's jobs that don't have a productivity boost from AI. The question is whether across the entire economy there will be a 5% GDP boost.

Teachers, cleaners, and daycare workers may see 0% gains, but don't be surprised if that is made up for by 10% gains the productivity of tech, law, marketing, advertising, manufacturing, government, etc. (okay maybe not government).

How can advertising and marketing become more profitable from this? It's a genuine question, but I don't see how making advertising and marketing easier for everybody and hence flooding the already flooded market would result in increased productivity.

By significantly reducing the cost of creating the advertisements. Want to air a commercial? You no longer have to have actors, sets, designers, costumes, etc. just ask AI to make you a commercial and describe what you want it to look like.

Consider all the labor and capital spent across all the advertising real estate in the world. Commercial, online ads, billboards, labeling. The inputs to make all these things are now greatly reduced. To increase productivity, it doesn't matter that the market is flooded, just that it's much easier to make these things.

Makes sense. You also free time and people to do other things.

Of course they should be, but that's not what will happen. Humans are not rational, so self-driving cars must be significantly safer than human drivers to avoid as much political pushback as possible.

Monopolies are essentially 100% horizontal integration. Vertical integration is a completely different concept.