Google DeepMind researcher says AI agents may leave GDP growth near 4-5%

Google DeepMind's @alexolegimas explains how millions of AI agents could transform the economy while GDP growth stays at just 4-5%. The reason: AI could make production so cheap that the economic boom barely shows up in GDP. "Let's say you have tons of autonomous organizations, millions of agents. There’s a state of the world where you’re still in the four to five growth number." "Agriculture got automated. What happens to agriculture as a part of the economy? It went from like 40% to 2%, even though there was way, way, way more agriculture." "Whatever gets automated becomes cheaper, and if those firms are producing a lot of output for not a lot of cost, the price of that output drops, and hence they might not necessarily lead to huge growth numbers." "We could see incredible…

Google DeepMind's @alexolegimas argues millions of AI agents could transform the economy without triggering explosive GDP growth. His challenge to the AI growth bulls: who's going to buy everything they produce? "The disagreement is not on the capabilities of the models. I'm extremely bullish on the capabilities of the models. 'Oh, you're not imagining millions of agents producing all of this output.' And my answer is, I absolutely am imagining that." "If we're in a competitive economy, then prices will decrease, and the main crux of the argument is how fast does production increase such that prices remain high still despite all of this output?" "A lot of the conversations that I have with people on the other side, they don't really think about demand. Who is buying the things that is…