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Comment by cunnymcface | Hacker News Reader

What do we call that period where there were massive industrial efficiency and productivity gains?

It was the industrial something, oh wait! Industrial Revolution!

And a bad day on the stock market isn’t money disappearing from the economy, it’s money moving, it’s not destroyed, it moves. It can move back on Monday, and has repeatedly.

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No significant productivity gains have been proven, and nowhere near enough revenue. Rely on faith if you will, markets demand proof and evidence. Will it materialize? Maybe, maybe not.

Like full self driving, “three months maybe, six months definitely.” Which was, what, a decade ago?

I think you’re lying to yourself.

You think Google just hasn’t checked the math on their spend for the fastest growing product they ever shipped?

Self driving trucks are on the road delivering things. Every day.

https://blog.google/innovation-and-ai/products/gemini-app/on...

I didn’t lose $500B in value this week. Cloud revenue is up, LLMs are not.

https://news.ycombinator.com/item?id=50280564

https://news.ycombinator.com/item?id=50280197

You know that you can buy llm access from Google’s cloud offerings right?

Does that mean LLMs are delivering efficiency gains or revenue? Or does it mean compute is being bought? You know you can spend money on cloud with nothing to show for it, right?

Maybe you should go look at the epic money fountain that grew 103% YoY with increasingly better margins?

https://blog.google/company-news/inside-google/message-ceo/a...

Would you like to revisit this sub thread after the recent $5T equity wipeout?

it’s money moving, it’s not destroyed

Couldn’t a company incinerate funds and their stock bottom out because no one will buy?

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