this post was submitted on 23 Sep 2023
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VC firm a16z, says as the microchip brought the marginal cost of compute to zero, and the Internet did the same for distribution, generative AI promises to bring the marginal cost of creation to zero. (a16z.com)
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[–] Lugh@futurology.today 1 points 1 year ago

This is a statement of the optimistic and rosy outlook for AI and jobs. Their argument is based on Jevons paradox, an observation in economics that as the marginal cost goes down then demand goes up. I wonder how this will hold up when we have some version of AGI that can do all work (even physical work via robots). If no one can compete with this AGI for wages - who pays for all the demand?