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Millions of AI agents, and growth could still sit at 4% to 5%
~ Google DeepMind Director of AGI Economics Alex Imas
"Let's say you have tons of autonomous organizations, millions of agents. There's a state of the world where you're still in like the 4% to 5% growth zone."
Because, GDP measures dollars spent, not how much stuff gets made, and when AI makes something nearly free to produce, competition drives its price down.
So output can explode while its dollar value barely grows, just as farming went from about 40% of GDP to 2% after automation even though food production soared. Double-digit growth would also need buyers with enough money to purchase all that output without prices collapsing.
---- Full video on "MTS" YouTube channel, (link in comment)