Note on AI and the Macroeconomics of Brains via marcelo.rinesi
We can summarize the difference between the micro- and macroeconomic impacts of AI in this way: Companies have the choice of maintaining their current cognition inputs and use AIs to lower costs (I believe this is a trap — you’re just making time until the next category-redefining high-cognition competitor to wipe you out — but I understand the temptation) or of seeking competitive advantages through (unprecedentedly) high-cognition goods and services.
