Great content on AI AND the economic policy observation of importing industrial policy. Thinking on this, they are not unrelated. If the development of the next generation of AI models needs exponentially more capital, being the ‘consumer of last resort’ gives the US access to that global capital. Its domestic electric car industry might suffer from cheap Chinese imports … but it will maintain its lead in AI model dominance as it allocates the benefits of Chinese savings to its higher performing industries which, right now, is AI. That in itself will reinforce its lead in AI and make other countries struggle in this most capital intensive of emerging industries …
Are we surprised $1k/mo in the US only increased generosity but not so much direct well being? I’d like to see the results of $3k or $5k, I suspect there is a threshold that needs to be met to help with the dire circumstances here for the poor.
Great content on AI AND the economic policy observation of importing industrial policy. Thinking on this, they are not unrelated. If the development of the next generation of AI models needs exponentially more capital, being the ‘consumer of last resort’ gives the US access to that global capital. Its domestic electric car industry might suffer from cheap Chinese imports … but it will maintain its lead in AI model dominance as it allocates the benefits of Chinese savings to its higher performing industries which, right now, is AI. That in itself will reinforce its lead in AI and make other countries struggle in this most capital intensive of emerging industries …
Are we surprised $1k/mo in the US only increased generosity but not so much direct well being? I’d like to see the results of $3k or $5k, I suspect there is a threshold that needs to be met to help with the dire circumstances here for the poor.