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If it will be true, then we should have many superb books by new authors at this point. But we do not.

This is similar to observations that effect of AI on quality of apps in stores is mostly non-existent.

Neither book stores nor app stores pay for quality, beyond some minimum low bar. Markets are optimized for getting product out quickly, sales and marketing, and follow on effects of succeeding with a hit. If you made a better app, game, book, or song you need to get through the noise of millions of competitors and for the most part, it's never going to happen.

In short, the expected effect of AI will be more stuff, faster, not better. Are we seeing that? I think so.

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