The central argument is a variation of the "dot-com bubble glass fiber" argument: "complementary" sectors of the economy get boosted by the bubble and they remain after it pops. They cite the railroad boom, electrification and the auto industry as examples. Notably, the Great Recession is never mentioned at all.

So what are the "complementary" investments in the US driven by AI? For energy, it's mostly fossil fuels rather than renewable energies. Data centers and GPUs are infamously short-lived. Employers may upgrade their computers, but they're mostly paying rent to OpenAI and co.. And the US is struggling to build up a domestic supply chain to reduce reliance on China and Asia more broadly.

[–] SevenSkalls@hexbear.net 1 points 1 month ago

Chips maybe?