"Just read an epic article on AI, definitely worth checking out: Tech giants are going crazy 'buying shovels' (referring to purchasing GPUs and other infrastructure, like how people sold shovels during the gold rush). Meanwhile, everyone else is buying the 'gold' dug up with those shovels (referring to the productivity brought by AI). Semiconductor companies are sitting comfortably in the middle, collecting 'rent' from the entire supply chain. TSMC (Taiwan Semiconductor Manufacturing Company) (the world's largest chip foundry), NVIDIA (the leading designer of GPUs), and ASML (the sole manufacturer of top-tier chip lithography machines) are printing money like crazy, while both ends of the supply chain (tech companies and traditional companies) are laying off employees en masse. The timing of this is critical. Right now, the adoption rate of AI by businesses is around 10%, and it's moving toward 50%. History tells us that this phase (from early adoption to mainstream adoption) is the fastest in terms of development and creates the most wealth. But here's the issue: this wealth is being concentrated in 'computing power,' not 'labor.' The gap between companies' 'market value' (i.e., total company worth) growth and ordinary people's 'wage' growth has never been this wide. This isn't an economic recession. It's a 'rebalancing' (a fundamental restructuring of the economic system). At its core, it's still the tech economics of the new era we talked about before." #AI #TechEconomics #Semiconductors #TSMC #NVIDIA #ASML #Productivity #EconomicShift