[blfr]

I think the speedups and conveniences of modern IT and the Internet have been massive: I can bank from my pocket, review the best photos out of 100k+ just when riding a tram, get virtually any good produced anywhere delivered to my doorstep in 1-3 business days (and it will be the exact kind and make I chose, not something that happened to be available), read virtually any book ever published while my appointment is delayed.

However, almost all of these are purely private benefits that do not show in any ledger. This is at least in part why the Internet seems to have had such small impact on gdp.

How about AI? So far, even more private benefits than the Internet.

[zapkyeskrill]

And most of the time savings gained from all this is blown on grind clicking "social media" so net effect is, yes, close to zero (or in more modern terms, not 100x, not 10x, but 1x at most).

[HPsquared]

Value is subjective, though. If you actually gave people an ultimatum to stop using AI tools for a year, with a negotiable price, I wonder what that would come out at. Many other personal goods are like this, they are valued highly but do not appear as commercial transactions.

[mahkeiro]

I mean that’s to you as well as spending your time at the swimming pool.

[ernst_klim]

> I can bank from my pocket

My opinion on that is, it's not such a big gain compared to legacy banking with checks, phone calls etc. All the operations you can do now you could do with legacy banks, just a bit slower. Given banking is not something you do every second, the overall speedup is tiny.