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The author borrows the perspective of prominent US short-seller Steve Eisman to offer an alternative interpretation of Anthropic's claims that "AI could destroy humanity": the US economy is heavily bet on AI, and if Anthropic and OpenAI were to collapse, it could trigger a recession — and the resulting erosion of wealth would feel, to many people, like the end of the world.
The Consumer Technology Association (CTA) estimates that fully manufacturing smartphones in the US would raise costs by 152%, with laptops up 93% and smartwatches 97%, arguing that Trump's push for 100% US-made tech is economically impractical given tariffs, consumer price increases, and supply chain realities.
Epoch AI discovered that US GDP statistics understate the value added by Nvidia to the US economy, leading to GDP growth being understated by approximately 0.3 percentage points over the last year.
The article examines the dual pressures of an aging population and the rise of AI on the US economy, highlighting the balancing act between demographic trends and technological disruption.