I’d be interested to know how you estimate the numbers here, they seem quite inflated to me.
If 4 big tech companies were to invest $50B each in 2023 then, assuming average salary as $300k and 2:1 capital to salary then investment would be hiring about 50B/900K = 55,000 people to work on this stuff. For reference the total headcount at these orgs is roughly 100-200K.
50B/yr is also around 25-50% of the size of the total income, and greater than profits for most which again seems high.
Perhaps my capital ratio is way too low but I would find it hard to believe that these companies can meaningfully put that level of capital into action so quickly. I would guess more on the order of $50B between the major companies in 2023.
Agree with paul’s comment above that timeline shifts are the most important variable.
I’d be interested to know how you estimate the numbers here, they seem quite inflated to me.
If 4 big tech companies were to invest $50B each in 2023 then, assuming average salary as $300k and 2:1 capital to salary then investment would be hiring about 50B/900K = 55,000 people to work on this stuff. For reference the total headcount at these orgs is roughly 100-200K.
50B/yr is also around 25-50% of the size of the total income, and greater than profits for most which again seems high.
Perhaps my capital ratio is way too low but I would find it hard to believe that these companies can meaningfully put that level of capital into action so quickly. I would guess more on the order of $50B between the major companies in 2023.
Agree with paul’s comment above that timeline shifts are the most important variable.