AI ACTUALIZATION

While AI hyperscalers like OpenAI will earn revenue from subscription fees, that’s almost irrelevant. The main societal transformation will come from AI replacing repetitive human mental tasks, for example, accounting, computer programing, and financial advising, as opposed to earlier technological innovations which replaced manual tasks. The key short-run issue is how significant these job losses are, how fast they occur, and how quickly job losers find new employment.