Rot Economics - An Interview With MIT's Daron Acemoglu
We recorded 3 claims from this post. 3 can’t be checked. 2 more are held. Read the post at its source.
Claims from this post (3)
In the order they appear in the post. Each quotation is the speaker’s words in this post. A label such as “Supported” or “Can’t be checked” is the claim’s current assessment; its page has the evidence and the reasons.
Assessment: Can’t be checkedSaid
Observation
“It's not so much that we couldn't live in a virtual world or that digital money wouldn't be useful, but it's more that the actual output from the companies is not translating into meaningful products, and they're still monetized.”
Our reading: It feels like the actual output of tech companies' crypto, metaverse and generative AI efforts is not translating into meaningful products, even though it is still being monetized.
No horizon
Scope: crypto, metaverse, and now generative AI
Assessment: Can’t be checkedSaid
Causal claim
“But even then it's automation only in so much as you can trust it. And it feels like these core issues of hallucinations almost kill the concept of automation with generative.”
Our reading: It feels like the core issue of hallucinations almost kills the concept of automation with generative AI, since it is automation only insofar as you can trust it.
No horizon
Qualifier: it feels like
Assessment: Can’t be checkedSaid
Conditional forecast
“This feels like this could be an economic panic unto itself.”
Our reading: It feels like it could be an economic panic in itself if tech companies don't have a new growth driver and they turn on generative AI.
No horizon
Only if: if tech companies don't have a new growth thing
Held from this post (2)
These records did not pass every check, so nothing about them is published. Held is not a finding.