Researcher Says Demand Limits AI Growth, Not Production

You Jiacheng, a PhD student at Tsinghua IIIS, posted that the economy is bounded by demand and income distribution rather than production capacity. He notes that AI can accelerate R&D-driven growth through cost reductions and new products that incentivize demand. Currently, R&D contributes 0.5 to 1 percent of GDP growth. Achieving 30 percent growth would require 30 to 60 times greater R&D efficiency, according to his assessment. The statement references a discussion involving Noahpinion on X.