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Joined 1 year ago
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Cake day: August 5th, 2023

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  • There are some factors to consider:

    • They have a law called “schuldenbremse” since 2011 that forbids the state to take loans for investment/subventions. That kind of worked as intended https://de.statista.com/statistik/daten/studie/154798/umfrage/deutsche-staatsverschuldung-seit-2003/ but not investing at low interest rates (2010-2020 at ~1%) is controversial among economists. Also at corona there was a exception.
    • Germany’s economy is export based. Now almost every country is struggling with post corona effects. Therefore everyone tries to support their local businesses. Germany has the schuldenbremse.
    • The real estate market was about 40% overvalued and bureaucracy with corona did it’s best. Now the market is struggling to keep alive. No seller accepts the lower prices, banks already adapted and demand high securities. More people have to rent, rent rates hike, people struggle with rates and don’t consume as much.

    As personal experience: My wife and me are struggling to get a home in the range ~500-800k, we got 20% down payment and with income we are in the upper 10% of all dinks in Germany. Still struggling to get a home worth the price and getting credit for.


  • Well, there are some hurdles to overcome first. Power consumptions for training is huge but maybe solve able in the future. Data storage for all kinds of metadata? Maybe, big data is a thing but also needs power. Streaming many devices to distributed data lakes? There will be a Problem. Data plans are mostly limited, streaming drains power of phones etc. Not very attractive for the consumer. My prediction is, that we’ll see personal AI assistants, they work on your phones or with home stations. Remind you of dates, motivate you to work out, help you write a letter, turn on the light, heat up the stove etc. The neat part is that this personal AI primary operates locally, so even with 6-7 cameras in and outside your home you won’t get any problems with power or data plans. The companies providing this service will not have to provide huge storages and computing power. But, they’ll be able fetch data, apply new algorithms to your personal assistant and collect their subscription fees.

    That solutions gets us by the balls. It has advantages and only slight to none inconveniences for the light minded. So peoples, companies and States will thrive that this comes true.

    Sry for some spelling or orthography mistakes, I rarely type and speak english.