Transformative tech didn't save the 1930s economy: debating an AI infra financing crisis
PAstynome · x · 2026-10-15
PAstynome quotes and pushes back on @okaythenfuture's argument that a technology can be transformative while its financing has initial business flaws — suggesting an AI infrastructure financing crisis may be brewing even as the tech advances, and that this dynamic may explain recent talk of "pausing for the good of the world."
PAstynome counters that the 1930s were among the most technologically transformative periods in modern industrial history and the global economy was still awful; semiconductors went mass-market in the 70s amid a terrible economy — technological transformation and macro outcomes can diverge for a long time.
More from AGI Musings
- AI 2027 Scenario, Once Dismissed as Sci-Fi, Gets a Reread for Being Eerily Accurate — imjustnewatai · 2026-10-15
- Two months on, the "ants in the kitchen" rogue AI agent warning looks prescient — DKokotajlo · 2026-10-15
- Google execs cite early signs of recursive self-improvement behind 3-4 week Gemini cadence — danielrock · 2026-10-15
- Peter Diamandis: AI's real risk is making people timid, not lazy — PeterDiamandis · 2026-10-15
- AI cost falling 54x faster than electricity ever did, five years in — LinusEkenstam · 2026-10-15
- Herbert Simon's 40-year-old advice on computers nails how to use AI today — msg · 2026-10-15