I am no investment guru, but the one thing I unequivocally do not believe, is that the AI revolution will have this kind of consequence, in which potential economic productivity (however that is measured) grows at historically unprecedented rates, but the manifestation of this is just that known asset classes rearrange their rankings as desirable destinations for investment.
Quite apart from the fact that all this likely involves creation of artificial superhuman intelligence which will replace the human species in general, developments this potent would inevitably shatter society. You’re going to end up with movements that call for universal basic income and nationalization of core industries, or millions of unemployed white-collar workers conducting drone warfare against billionaires who have private armies of humanoid robots, or similarly disruptive outcomes.
I am no investment guru, but the one thing I unequivocally do not believe, is that the AI revolution will have this kind of consequence, in which potential economic productivity (however that is measured) grows at historically unprecedented rates, but the manifestation of this is just that known asset classes rearrange their rankings as desirable destinations for investment.
Quite apart from the fact that all this likely involves creation of artificial superhuman intelligence which will replace the human species in general, developments this potent would inevitably shatter society. You’re going to end up with movements that call for universal basic income and nationalization of core industries, or millions of unemployed white-collar workers conducting drone warfare against billionaires who have private armies of humanoid robots, or similarly disruptive outcomes.