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- Economics says change happens in the adjustment of prices and relative prices.
- “Thanks to GPT, every programmer has the potential to be 10x more productive than the baseline from just 2 years ago.”
- This means:
- (1) The data-software combined price is collapsing opening enormous “volume growth”.
- (2) Within it the relative value of software vs. data, especially unique data sets, is changing in the benefit of the latter (Media companies?).
- (3) New scarcity is arising – likely in hardware and energy.
- Full article here.
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