Sublime

A more useful comparison can be found between the supercomputer ASCI Red and the PlayStation family of games consoles. The former, built by the US government in 1996, was the first machine able to process a teraflop – a trillion floating-point calculations per second. Costing $55 million and measuring the size of a tennis court, its purpose was to

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si vous êtes prêt à accepter une définition un peu extensive des « processus de production », la loi des rendements décroissants peut s’appliquer à nos différentes manières d’utiliser les nouvelles technologies pour produire de la valeur dans notre vie personnelle.

Internet metrics over-value quantity and under-value quality. It’s a measurement problem. For example, platforms can easily calculate how many people read my articles, but they can’t evaluate the quality of those people.

Computer nerds will indeed do well, but not everyone will have to become a computer nerd.

The economic benefits arise not from innovation itself, but from the entrepreneurs who eventually discover ways to put innovations to practical use—and most critically, as economists Erik Brynjolfsson and Lorin M. Hitt have pointed out, from the organizational changes through which businesses reshape themselves to take advantage of the new technolo

The virtuous feedback loop between productivity, rising wages, and increasing consumer spending will collapse. That positive feedback effect is already seriously diminished: we face soaring inequality not just in income but also in consumption.