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"Generative AI can make these workers at least 10% more efficient and/or creative: they become not only faster and more efficient, but more capable than before.

"Generative AI can make these workers at least 10% more efficient and/or creative: they become not only faster and more efficient, but more capable than before. Therefore, Generative AI has the potential to generate trillions of dollars of economic value." What utter bull - at a time when inflation is on the rise (7-14%), you aren't going to unlock ANY market potential, in fact you are going to shrink the market, significantly. Prepare for impending market collapse and massive market failure... https://www.statista.com/statistics/225698/monthly-inflation-rate-in-eu-countries/ https://www.statista.com/statistics/225698/monthly-inflation... https://ycharts.com/indicators/us_inflation_rate https://ycharts.com/indicators/us_inflation_rate

mudil 4y ago
'Prepare for impending market collapse and massive market failure...' If you are so good at seeing the future, you should be the richest person on earth. Surely there's a way to short the market.
- smaudet 4y ago
  I would short Adobe in the near term, personally.
echelon 4y ago
This is a short term shock to a long term trend. Absent a nuclear cataclysm, tech and productivity are always going to grow. Investors go long and capture the outsized returns. The narrative and potential of AI/ML is incredible. It stands to be as disruptive as smartphones and the internet were. As for your thesis on the current economic picture, much of the market still thinks there's an easy out just around the corner. You can make a bet on that and find out.