Friday charts: The photon economy

The article discusses the emergence of embodied AI and its reliance on vast amounts of visual data to achieve autonomy in tasks traditionally performed by humans. It highlights a new humanoid robot, Neo, which requires human guidance for data collection to improve its performance over time. The author references the growing market potential for embodied AI, noting that it could reach a deca-trillion dollar total addressable market. The need for extensive data storage is emphasized, with projections suggesting that yottabytes of data will be required, prompting discussions on the development of solar-powered data centers in space by companies like Google. Concerns about stagnating electricity generation on Earth and the looming AI capital expenditure boom are raised, alongside the potential for economic shifts, such as interest rate cuts if inflation decreases. Moreover, the article briefly touches on rising unemployment rates among young workers, urging the Fed's assistance. Overall, it paints a picture of a rapidly evolving technological landscape fueled by AI and innovative data solutions, amidst a speculative investing bubble.

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