Sacks cites Yale Budget Lab finding no discernible labor market disruption in first three years after ChatGPT launch.
“Yale Budget Lab did a study and they said that there was no discernible disruption, I mean, that's like a quote, to the labor market in the first three years after the launch of ChatGPT.”
Sacks says $650 billion hyperscaler CapEx this year creates 2% GDP tailwind, excluding energy and productivity gains.
“I think $650,000,000,000 this year just in CapEx from the hyperscalers. That's about a 2% tailwind to GDP just from all the construction that's happening. I don't think that includes essentially all the energy.”