But GenAI is a major upheaval. In most those, a massive amount of initial capital is invested, but the payoff happens slowly - only over decades. But the payoffs are huge.
Think about electricity. Building out the grid was HUGELY expensive. But then benefits are derived for decades. Same for the highway system, railway system, etc.
GenAI is definitely a major upheaval, and the payoffs will definitely be huge, but those payoffs will go to those who fund it at the detriment of the working class who haven’t been sharing in the productivity gains made by capital.
I just don’t see the public benefit that we see from public infrastructure. If anything GenAI will exacerbate and accelerate all the structural issues we have in our economy and society.