The point of the article is that if the recursion can work on itself more than a certain amount, then each new insight allows for more insights, as in the case of uranium for a nuclear bomb. > 1 refers to the average amount of improvement that an AGI that is foom-ing can gain from an insight.
What I was trying to say is the factor for corporations is much less than 1, which makes it different from an AGI. (To see this effect, try plugging in .9^x in a calculator, then 1.1^x)
Some companies do exhibit exponential economic growth. Indeed the whole economy exhibits exponential growth—a few percent a year—as is well known. I don’t think you have thought your alleged corporate “shrinking” effect through.
The point of the article is that if the recursion can work on itself more than a certain amount, then each new insight allows for more insights, as in the case of uranium for a nuclear bomb. > 1 refers to the average amount of improvement that an AGI that is foom-ing can gain from an insight.
What I was trying to say is the factor for corporations is much less than 1, which makes it different from an AGI. (To see this effect, try plugging in .9^x in a calculator, then 1.1^x)
So: that’s sounds like what is commonly called “exponential growth”.
Some companies do exhibit exponential economic growth. Indeed the whole economy exhibits exponential growth—a few percent a year—as is well known. I don’t think you have thought your alleged corporate “shrinking” effect through.