AI productivity boom remains unproven
The speakers expressed skepticism regarding the narrative of an AI-driven productivity boom, noting that it has not yet translated into lower technology costs or improved household living standards.
The argument
They contrasted the current environment with the 1990s tech boom, which featured consistent IT price deflation and strong real wage growth. Currently, IT hardware prices are rising, real compensation growth has been negative, and security concerns are limiting mass corporate adoption of AI tools.
Hear it yourself
"It was, like, basically, like, a home game, but it was so freaking loud. You know why? There was, like, no corporate seats. It was only die hard fans. It was so loud. Mhmm. So they released the tickets, and in two minutes, they're gone. Like, I was number 330,000 in a month. Yeah. So $10 tickets. I bought it on Ticketmaster or TikTok for, like, $60, whatever. Well worth it to get in there. It was such a great experience. So we're at dinner having drinks, and, Matt was like, oh, I did know you had season tickets. I said, yeah. Where do you sit? 109."
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