[xphos]

I think all your points are correct except the AI making the economy less capital intensive. Its a new type of input that is suppose to make you vastly more performant not having it by definition puts you at a disadvantage. I.e you need that capital.

I don't necessarily agree with that AI is going to be as super productive as people think but if your assumption it is. It is another tool you'll need to be competitive. That last point just doesn't follow if you believe in AI being powerful