AI completes this incredibly important task that once took a PhD student years in just seconds.
How do you even measure that kind of productivity gain? How would that even show up in productivity gains or economic value?
To the extent that AI is as transformative as it promises to be, it will - like the industrial revolution - actually elude proper measure. Think about air travel. In 1900, no one could travel by air. By 2000, millions of people regularly did. How do you actually measure productivity gains when they go from, "Doesn't exist" to "Fairly common?"
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