Good discussion of why we're unlikely to have a moment where we automate AI research and get an "intelligence explosion."
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"Won't there be a sudden speed-up when sluggish humans are finally eliminated from the loop? Probably not. By that point, machine "code wizards" will be writing most of the code anyway - so progress will already be pretty rapid."
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Both (1) people who expect 20 percent growth in 2028 and (2) people who think "95% of organizations are getting zero return" means AI is fake... are making the same basic mistake of dramatically underestimating how long it takes big organizations to adapt to new technology.