Uhh I think a lot of people and their families likely have investment exposure to nvidia/hyperscalers. if places like Amazon spent unrealistically on ai or their stock goes down massively that could mean major job losses too.
If AI companies aren't that profitable...then they're going to stop spending so much money on GPUs to train AI models. A gigantic amount of Nvidia's profits would go bust overnight.
uh yeah, all the subscriber numbers from ai companies are because it was baked into every product humans already used on their tech i.e. browsers and search engines.
As a Brit, it seems hilarious that a single person with an income of $97k would be on the poverty line. That's more than double the median income for all households in the UK. A lot of Americans don't seem to realise how fantastically wealthy they are compared to the rest of the world.
That’s a completely absurd number. No single person making just under $100k a year is living in poverty. Even in a high cost of living area.
The article also repeatedly discussed median salaries, but average costs.
And it includes full time daycare costs for young children that only last for a few years.
Also housing prices are high but you can certainly afford an apartment as a single person making $100k a year. But if you want to save, having a roommate doesn’t mean you are living in poverty.
Comparing countries can be relatively pointless because of all the differences. It only matters if you can obtain money in one country and spend it in another.
The main way these numbers are gamed is by finagling with healthcare and post-secondary education, each of which can be as high or as low as you want, depending on what you’re torturing the numbers to confess.
$97k per year isn’t that much when health insurance premiums are $500 to $1,500 per person per month with $5k to $15k annual out of pocket maximums. You have to build up decent savings to ensure you can take care of yourself for when you lose your income.
This doesn't look like too expensive if you compare it with Switzerland or with Germany assuming similar annual income. In Switzerland unlike in US your children stay on your plan until they turn 18, not 26 like in US. In both Germany and Switzerland, health insurance is mandatory and not employer-based - so you cannot simply say "no". In fact, in Germany you pay much more than in US as a share of your income, especially if your income is at least like 30% more than a national median: 1000+ EUR is a minimum per person per month (probably higher today). It doesn't cover dental care - you will pay in full - that's why many people travel to Turkey, or Eastern Europe, or to Baltic countries - just to take some dental care - which is extremely expensive in any German speaking country - we are talking about multiple months of your income after taxes.
> In both Germany and Switzerland, health insurance is mandatory and not employer-based - so you cannot simply say "no". In fact, in Germany you pay much more than in US as a share of your income, especially if your income is at least like 30% more than a national median: 1000+ EUR is a minimum per person per month (probably higher today). It doesn't cover dental care - you will pay in full - that's why many people travel to Turkey, or Eastern Europe, or to Baltic countries - just to take some dental care - which is extremely expensive in any German speaking country - we are talking about multiple months of your income after taxes.
By that definition someone making the equivalent of $100k in Germany could be “worried about healthcare”. And in many countries with public healthcare, people are worried about paying for access to better private healthcare.
So by the metric of “worrying about healthcare access” almost no one is above the poverty line.
There are people in the US making $100k who are genuinely worried about healthcare access. Say someone who retires early at 55 and has enough savings to provide $100k income but is 10 years away from Medicare. But acting like it is at all remotely normal for a single person making $100k to lack healthcare access or to be “living in poverty” by any objective measure is absurd.
I can do everything the same without it, because I'm still not using it. Why would I want to be a guinea pig for the world's richest companies and also atrophy my brain.
What if I can do everything the AI can like read, interpret, and implement code(and not in a likely copyright-breaking way) but also reason about it better.
If AI companies aren't that profitable...then they're going to stop spending so much money on GPUs to train AI models. A gigantic amount of Nvidia's profits would go bust overnight.
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