Where this equivalency fails Imo is cloud’s expansion into employment market tasks was just providing a wrapper of a nice UI and automation suite on server admin tasks. That ability to scale quickly probably creates products that expanded into other labor markets more faster than if racking and stacking was required by every startup. But, that expansion probably would occur anyway, just slower.

What labor tasks AI providers a nice automation and UI wrapper on is… a much much larger scope than what cloud could do.