[yetanother12345]

The tractor as well as the horse are both capital equipment. Also, hardware. Material stuff. While the horse may to some degree represent a variable cost, the degree of variablility on the tractor amounts to basically fuel.

AI and LLM on the other hand are operating equipment and fully variable costs. Also software, and immaterial.

The only real similarities between a tractor and a LLM is that both at some point were new inventions, and that both makes some tasks easier to do at scale. That's all, as seen from an economic perspective. In all other respects they are almost incommensurate.

Why is it that people think that the mere notion of "AI" means that you can just argue nonsense and forget all previous knowledge? I don't get it.

I think economist.com needs to take an Economy 101 lesson.