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| ▲ | schnitzelstoat 6 hours ago | parent | next [-] |
| Food is a solved problem. We can grow far more food than we need and we stop doing so simply because the low prices mean it's not economically viable. In the places where famine remains a problem, it's due to political issues, not that we can't grow enough. And growing all that food requires a tiny workforce compared to 400 years ago before the Agricultural Revolution. AI might extend such a massive reduction in labour requirements to many other industries. |
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| ▲ | darkwater 4 hours ago | parent | next [-] | | > Food is a solved problem. Mmmmmh > We can grow far more food than we need and we stop doing so simply because the low prices mean it's not economically viable. So, it's not a solved problem.
Last time I checked we have plenty of people in several parts of the world with difficulties to access the required level of food to be healthy. | |
| ▲ | ben_w 5 hours ago | parent | prev | next [-] | | > We can grow far more food than we need and we stop doing so simply because the low prices mean it's not economically viable. Half. This depends on there being a reliable source of cheap fertiliser, which would be much more secure if not for the situations regarding Hormuz and Russia. | |
| ▲ | dminik 5 hours ago | parent | prev | next [-] | | Technologically yes, but this is a vast oversimplification. You need lots of money to be able to buy the tech you need to do so. And you can't exactly earn that from not using the tech, since foreign (or even local) competition will slaughter you on prices. And if you do make it, you're stuck with a low-margin race to the bottom on price. | | | |
| ▲ | Daishiman 5 hours ago | parent | prev [-] | | > In the places where famine remains a problem, it's due to political issues, not that we can't grow enough. The political issues are still there so I really don't think we can call that a solved problem. | | |
| ▲ | pixl97 4 hours ago | parent [-] | | That's what you misunderstand, that's why we're making the AI. Have the AI get rid of all the people then AI can grow all the crops it needs! |
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| ▲ | zamadatix 8 hours ago | parent | prev | next [-] |
| I don't think anyone is claiming AI and food have the same elasticity of demand, which is what this really talks to, but, after a claim the AI market is 26 trillion dollars... I wouldn't be surprised if someone did. |
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| ▲ | anuramat 6 hours ago | parent | prev | next [-] |
| do you spend most of your money on food? |
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| ▲ | TrackerFF 5 hours ago | parent | next [-] | | I spend roughly 10% of my take-home pay on food. I spend 0.2% on AI. Exactly one subscription. | |
| ▲ | Raed667 5 hours ago | parent | prev [-] | | do you spend most of your money on grok subscriptions ? | | |
| ▲ | anuramat 5 hours ago | parent | next [-] | | I might at some point be spending more money on somebody elses claude subscriptions than on food my point is that the amount of calories a person needs is limited, and the efficiency is non-decreasing, so the per capita spending has an upper bound "ai" does not have such an upper bound | | |
| ▲ | pixl97 4 hours ago | parent | next [-] | | Ackshully, AI does have an upper bound in information theory, but since we're not anywhere close to writing data to the surface of a black hole I don't think it's a big issue yet. | |
| ▲ | jmalicki 4 hours ago | parent | prev [-] | | Population growth isn't limited except through resources but AI also needs resources |
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| ▲ | jmalicki 5 hours ago | parent | prev [-] | | Most employers are spending a large fraction of SWE salaries on AI tokens right now. It's not unthinkable that trend continues (even if it's rationalizing at the moment), and moves over into other fields as well. |
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| ▲ | porridgeraisin 7 hours ago | parent | prev | next [-] |
| Valuation and elasticity of demand not related even if you ignore consumer surplus |
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| ▲ | zoom6628 8 hours ago | parent | prev [-] |
| We could remove 100% of world AI supply and humanity would not be worse off. It is still additive and in areas of generally indeterminate value except in hype. Reasoning and RAG is amazing already and is a productivity gain but I'm yet to be convinced GenAI is anything but a slop machine. #startflamingmenow |
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| ▲ | thewebguyd 5 hours ago | parent [-] | | I half agree, but I'd still had software development to the list. AI is useful as a search & information synthesis tool, and as a dev tool. The problem is, when has a dev tool ever command such ridiculous valuations and investment in infrastructure? The market is going to realize that yes, it's useful, but no, it's not over $1T useful. |
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