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.


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www.joshbeckman.org/notes/461934236