Comment Re:Obvious questions (Score 1) 59
It doesn't seem likely. The AI companies would have you believe that more compute equals smarter but they're already hitting dimishing returns pretty hard.
That's almost beside the point though. Railway and fiber companies built out more infrastructure than was immediately useful but then a bunch went broke and the survivors concentrated on making a profit. The big AI companies are in that first phase where they're trying to build stuff faster than everyone else. Next inevitably comes the part where they try and actually make a profit. If that involves ever more intensive investment then great, we've got a new industrial revolution, just like your semiconductor example.