Sat, 15 Aug 2026 14:47:31 +0800

In the great film Jaws there’s this scene where the shark is in the water and some very tense music plays indicating that the shark is approaching. You, the audience member, find yourself practically jumping out of your seat wanting to yell THERE’S A GOD DAMN SHARK IN THE WATER WHAT ARE YOU DOING IN THERE? That’s what it feels like working on AI and staring at most economic data right now: the vast majority of economic data says there’s nothing especially unusual about today’s economy (in fact, things look rather good in the US - low unemployment, decent growth, etc). But the intuitions of everyone working within AI - including me - is it’s impossible to reconcile the capabilities of the technology and how it is being used with the economy staying normal.

importai.substack.com/p/import-…

ai on Colin Dismuke