I mostly agree with this (and did also buy some semiconductor stock last winter).
Besides plausibly accelerating AI a bit (which I think is a tiny effect at most unless one plans to invest millions), a possible drawback is motivated reasoning (e.g., one may feel less inclined to think critically of the semi industry, and/or less inclined to favor approaches to AI governance that reduce these companies’ revenue). This may only matter for people who work in AI governance, and especially compute governance.
I mostly agree with this (and did also buy some semiconductor stock last winter).
Besides plausibly accelerating AI a bit (which I think is a tiny effect at most unless one plans to invest millions), a possible drawback is motivated reasoning (e.g., one may feel less inclined to think critically of the semi industry, and/or less inclined to favor approaches to AI governance that reduce these companies’ revenue). This may only matter for people who work in AI governance, and especially compute governance.