The Economics of Artificial General Intelligence | Capital Expenditures, Labour Cannibalisation, and the "Agent" Imperative
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The pursuit of Artificial General Intelligence (AGI) has definitively transitioned from an exploratory computer science endeavor into a macroeconomic imperative driven by unprecedented financial commitments. Driven by leading technology conglomerates and heavily financed by complex debt instruments and venture capital, the generative artificial intelligence industry is currently executing the most aggressive infrastructure build-out in the history of global commerce. Yet, beneath the technological optimism lies a stark, mathematically rigid reality: the capital expenditures…
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